Prosperitas Financial LLC Has $273,000 Stock Holdings in Fluor Co. (NYSE:FLR)

Prosperitas Financial LLC cut its stake in shares of Fluor Co. (NYSE:FLR) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,542 shares of the construction company’s stock after selling 380 shares during the period. Prosperitas Financial LLC’s holdings in Fluor were worth $273,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares during the period. Golden State Wealth Management LLC acquired a new position in Fluor during the fourth quarter valued at $33,000. Quarry LP raised its position in Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after buying an additional 942 shares during the period. Venturi Wealth Management LLC raised its position in Fluor by 826.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after buying an additional 1,388 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Fluor during the third quarter valued at $96,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Performance

Shares of NYSE FLR opened at $37.32 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 3.06, a P/E/G ratio of 1.36 and a beta of 1.89. The business’s 50-day simple moving average is $47.47 and its 200-day simple moving average is $49.72. Fluor Co. has a 52 week low of $35.79 and a 52 week high of $60.10.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. As a group, equities research analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. DA Davidson dropped their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a research report on Thursday. KeyCorp raised their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Truist Financial cut their price target on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Insider Activity

In other 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 transaction of $433,131.59. Following the transaction, the insider now owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by insiders.

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.