Lisanti Capital Growth LLC Sells 15,510 Shares of Fluor Co. (NYSE:FLR)

Lisanti Capital Growth LLC trimmed its holdings in shares of Fluor Co. (NYSE:FLR) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,805 shares of the construction company’s stock after selling 15,510 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Fluor were worth $3,998,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ClariVest Asset Management LLC grew its holdings in Fluor by 0.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after acquiring an additional 233 shares during the last quarter. Xponance Inc. grew its holdings in Fluor by 1.2% during the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock worth $1,006,000 after acquiring an additional 265 shares during the last quarter. JGP Wealth Management LLC boosted its stake in shares of Fluor by 5.6% in the 3rd quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock valued at $253,000 after purchasing an additional 283 shares during the last quarter. GAMMA Investing LLC boosted 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. Finally, Truist Financial Corp boosted its stake in shares of Fluor by 3.7% in the 2nd quarter. Truist Financial Corp now owns 8,713 shares of the construction company’s stock valued at $379,000 after purchasing an additional 312 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Stock Performance

NYSE FLR opened at $50.93 on Monday. Fluor Co. has a 52-week low of $34.17 and a 52-week high of $60.10. The company has a 50-day simple moving average of $49.80 and a 200 day simple moving average of $46.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $8.72 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.21 and a beta of 1.90.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.27). The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. On average, research analysts predict that Fluor Co. will post 2.88 EPS for the current year.

Insiders Place Their Bets

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the transaction, the chief financial officer now owns 57,834 shares in the company, valued at $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the transaction, the chief financial officer now directly owns 53,527 shares in the company, valued at approximately $2,676,885.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph L. Brennan sold 15,335 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the transaction, the chief financial officer now owns 57,834 shares of the company’s stock, valued at $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock worth $2,156,604 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FLR. DA Davidson upped their price objective on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Robert W. Baird increased their target price on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. KeyCorp increased their target price on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays upped their price objective 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, UBS Group increased their target price on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Fluor presently has an average rating of “Moderate Buy” and a consensus price target of $59.29.

About Fluor

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.