Fluor Co. (NYSE:FLR) Stock Holdings Reduced by LGT Financial Advisors LLC

LGT Financial Advisors LLC cut its position in shares of Fluor Co. (NYSE:FLR) by 63.4% in the second quarter, Holdings Channel reports. The firm owned 1,931 shares of the construction company’s stock after selling 3,342 shares during the period. LGT Financial Advisors LLC’s holdings in Fluor were worth $84,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FLR. Rise Advisors LLC bought a new position in Fluor during the first quarter valued at approximately $28,000. ORG Partners LLC bought a new position in shares of Fluor during the 2nd quarter valued at $34,000. GAMMA Investing LLC lifted its stake in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares in the last quarter. Finally, Spire Wealth Management increased its position in Fluor by 59.2% during the fourth quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock worth $37,000 after buying an additional 375 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Truist Financial boosted their price target on Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a research report on Wednesday, July 17th. Citigroup lifted their price target on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Barclays lifted their target price on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, DA Davidson upped their price target on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Insiders Place Their Bets

In related news, CAO John C. Regan sold 13,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at $2,703,669.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Fluor Price Performance

NYSE:FLR opened at $46.27 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $7.92 billion, a P/E ratio of 26.90, a PEG ratio of 2.16 and a beta of 1.91. The company has a fifty day moving average price of $47.48 and a 200 day moving average price of $43.00. Fluor Co. has a one year low of $32.31 and a one year high of $51.64.

Fluor (NYSE:FLR) last released its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Analysts anticipate that Fluor Co. will post 2.9 earnings per share for the current year.

Fluor 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.