Fluor Co. (NYSE:FLR) Shares Sold by Benin Management CORP

Benin Management CORP decreased its holdings in shares of Fluor Co. (NYSE:FLR) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,250 shares of the construction company’s stock after selling 200 shares during the quarter. Benin Management CORP’s holdings in Fluor were worth $259,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FLR. CIBC Asset Management Inc boosted its stake in Fluor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after buying an additional 176 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after purchasing an additional 213 shares in the last quarter. Seelaus Asset Management LLC boosted its stake in shares of Fluor by 3.7% during the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock valued at $307,000 after buying an additional 230 shares during the period. Nisa Investment Advisors LLC boosted its position in Fluor by 2.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock valued at $533,000 after purchasing an additional 241 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of Fluor by 1.2% in the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after buying an additional 265 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of a number of recent analyst reports. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial reduced their target price on Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson raised their price objective on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group raised their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Fluor has a consensus rating of “Moderate Buy” and an average price target of $60.14.

Insider Buying and Selling at Fluor

In related news, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Down 1.3 %

FLR opened at $54.58 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $9.36 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.83 and a beta of 1.91. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The stock has a fifty day moving average of $52.46 and a 200-day moving average of $50.29.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the business posted $1.02 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts expect that Fluor Co. will post 2.62 EPS for the current year.

Fluor Company Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.