Orange Investment Advisors Inc. lowered its position in Fluor Corporation (NYSE:FLR – Free Report) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,654 shares of the construction company’s stock after selling 16,658 shares during the period. Orange Investment Advisors Inc.’s holdings in Fluor were worth $5,376,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in shares of Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares during the period. Assetmark Inc. raised its holdings in Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after purchasing an additional 483 shares during the last quarter. Larson Financial Group LLC grew its holdings in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after purchasing an additional 734 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Fluor in the fourth quarter valued at $35,000. Finally, Banque Transatlantique SA raised its stake in shares of Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after buying an additional 625 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Anthony Morgan sold 3,387 shares of the company’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 transaction of $179,815.83. Following the sale, the insider directly owned 45,999 shares of the company’s stock, valued at approximately $2,442,086.91. This represents a 6.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael E. Alexander sold 3,387 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $53.07, for a total value of $179,748.09. Following the transaction, the insider owned 68,664 shares in the company, valued at $3,643,998.48. This trade represents a 4.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.70% of the stock is owned by insiders.
Analysts Set New Price Targets
View Our Latest Stock Report on Fluor
Fluor Price Performance
FLR opened at $44.54 on Friday. The company has a 50 day moving average of $47.13 and a two-hundred day moving average of $45.65. Fluor Corporation has a 52-week low of $37.48 and a 52-week high of $57.50. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.22 billion, a P/E ratio of 25.89, a P/E/G ratio of 1.32 and a beta of 1.33.
Fluor (NYSE:FLR – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.52). The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.Fluor’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. On average, analysts expect that Fluor Corporation will post 2.74 earnings per share for the current year.
Fluor Company Profile
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.
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