Paradigm Asset Management Co. LLC Acquires Shares of 3,900 Fluor Co. (NYSE:FLR)

Paradigm Asset Management Co. LLC bought a new position in shares of Fluor Co. (NYSE:FLR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,900 shares of the construction company’s stock, valued at approximately $192,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc lifted its position in Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after buying an additional 527 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Fluor during the fourth quarter worth approximately $33,000. Quarry LP grew its stake in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Fluor by 826.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Fluor in the 3rd quarter worth approximately $96,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Fluor Stock Performance

Shares of FLR stock opened at $37.73 on Friday. The stock has a 50-day moving average of $48.66 and a 200-day moving average of $50.01. Fluor Co. has a one year low of $35.04 and a one year high of $60.10. The stock has a market cap of $6.37 billion, a PE ratio of 3.10, a price-to-earnings-growth ratio of 3.23 and a beta of 1.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

Fluor (NYSE:FLR) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. As a group, sell-side analysts expect that Fluor Co. will post 2.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird dropped their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday. DA Davidson cut their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, KeyCorp lifted their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.43.

About Fluor

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.