Orange Investment Advisors Inc. Sells 16,658 Shares of Fluor Corporation $FLR

Orange Investment Advisors Inc. decreased its position in shares of Fluor Corporation (NYSE:FLR) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,654 shares of the construction company’s stock after selling 16,658 shares during the period. Orange Investment Advisors Inc. owned 0.08% of Fluor worth $5,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Seelaus Asset Management LLC boosted its holdings in Fluor by 2.9% in the fourth quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock worth $348,000 after acquiring an additional 245 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares in the last quarter. Clearstead Advisors LLC grew its position in Fluor by 20.9% during the 3rd quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock worth $67,000 after purchasing an additional 276 shares during the last quarter. Truist Financial Corp increased its stake in Fluor by 5.7% during the 3rd quarter. Truist Financial Corp now owns 5,361 shares of the construction company’s stock valued at $226,000 after purchasing an additional 288 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its holdings in shares of Fluor by 2.7% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,756 shares of the construction company’s stock worth $466,000 after buying an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. DA Davidson upped their target price on Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Zacks Research downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. UBS Group reiterated a “buy” rating and issued a $57.00 price target on shares of Fluor in a report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Insider Activity at Fluor

In other news, insider Anthony Morgan sold 3,387 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $53.09, for a total value of $179,815.83. Following the transaction, the insider owned 45,999 shares in the company, valued at $2,442,086.91. This trade represents a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael E. Alexander sold 3,387 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total value of $179,748.09. Following the completion of the sale, the insider owned 68,664 shares of the company’s stock, valued at approximately $3,643,998.48. The trade was a 4.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.70% of the company’s stock.

Fluor Stock Performance

NYSE FLR opened at $44.54 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. Fluor Corporation has a twelve month low of $37.48 and a twelve month high of $57.50. The stock has a 50-day moving average of $47.13 and a 200 day moving average of $45.65. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.32 and a beta of 1.33.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Sell-side analysts anticipate that Fluor Corporation will post 2.74 EPS for the current fiscal year.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.