B. Riley Wealth Advisors Inc. Takes Position in Fluor Co. (NYSE:FLR)

B. Riley Wealth Advisors Inc. acquired a new position in shares of Fluor Co. (NYSE:FLR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,419 shares of the construction company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Fluor in the 2nd quarter valued at about $51,000. Quest Partners LLC acquired a new stake in Fluor during the second quarter worth approximately $52,000. Quarry LP boosted its holdings in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after acquiring an additional 942 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Fluor in the third quarter valued at approximately $96,000. 88.07% of the stock is owned by institutional investors.

Insider Activity at Fluor

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the sale, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. This trade represents a 21.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,607 shares of company stock valued at $4,063,720 in the last quarter. Insiders own 1.70% of the company’s stock.

Fluor Trading Up 0.5 %

Shares of FLR stock opened at $50.34 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. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company has a market cap of $8.63 billion, a PE ratio of 33.56, a P/E/G ratio of 4.36 and a beta of 1.89. The stock’s fifty day moving average price is $53.66 and its two-hundred day moving average price is $49.20.

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

Analyst Ratings Changes

Several research firms recently issued reports on FLR. Truist Financial boosted their price target on Fluor from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp upped their price target on shares of Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird reaffirmed a “neutral” rating and set a $58.00 target price (up from $54.00) on shares of Fluor in a report on Wednesday. Finally, Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Three 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.86.

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.