Highland Capital Management LLC Has $229,000 Holdings in Fluor Co. (NYSE:FLR)

Highland Capital Management LLC increased its stake in shares of Fluor Co. (NYSE:FLR) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,653 shares of the construction company’s stock after acquiring an additional 288 shares during the period. Highland Capital Management LLC’s holdings in Fluor were worth $229,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FLR. Cornerstone Wealth Management LLC bought a new stake in shares of Fluor in the fourth quarter valued at about $484,000. Exchange Traded Concepts LLC lifted its stake in Fluor by 291.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock valued at $2,151,000 after acquiring an additional 32,472 shares in the last quarter. Aequim Alternative Investments LP boosted its position in Fluor by 6.0% during the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after acquiring an additional 41,800 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Fluor by 139.1% in the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock valued at $819,000 after purchasing an additional 9,992 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after purchasing an additional 457,220 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Stock Performance

NYSE FLR opened at $48.30 on Friday. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10. The stock has a market cap of $8.28 billion, a PE ratio of 32.20, a P/E/G ratio of 3.40 and a beta of 1.91. The firm has a 50-day moving average of $51.85 and a 200-day moving average of $50.33. 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 (NYSE:FLR) last posted its earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Fluor’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. On average, sell-side analysts anticipate that Fluor Co. will post 2.62 EPS for the current year.

Insider Activity

In other Fluor news, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the firm’s 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 transaction, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FLR has been the topic of several recent research reports. DA Davidson lifted their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Truist Financial dropped their target price on Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Citigroup dropped their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, UBS Group increased their price target on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Fluor presently has an average rating of “Moderate Buy” and a consensus price target of $59.29.

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.