58,109 Shares of Fluor Corporation $FLR Acquired by Titan Investment Management LLC

Titan Investment Management LLC acquired a new position in Fluor Corporation (NYSE:FLR) in the 3rd quarter, HoldingsChannel reports. The firm acquired 58,109 shares of the construction company’s stock, valued at approximately $2,782,000. Fluor accounts for about 2.1% of Titan Investment Management LLC’s holdings, making the stock its 17th biggest position.

Other large investors also recently made changes to their positions in the company. Maverick Capital Ltd. bought a new position in shares of Fluor during the 1st quarter worth approximately $66,036,000. Moore Capital Management LP grew its stake in shares of Fluor by 220.0% during the 2nd quarter. Moore Capital Management LP now owns 520,000 shares of the construction company’s stock worth $27,243,000 after acquiring an additional 357,521 shares during the period. Troluce Capital Advisors LLC purchased a new stake in shares of Fluor during the 1st quarter valued at approximately $18,660,000. Principal Financial Group Inc. lifted its position in shares of Fluor by 3.7% during the first quarter. Principal Financial Group Inc. now owns 362,226 shares of the construction company’s stock worth $16,898,000 after acquiring an additional 13,082 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Fluor by 34.9% in the 1st quarter. First Trust Advisors LP now owns 337,029 shares of the construction company’s stock worth $15,722,000 after purchasing an additional 87,174 shares during the period. 88.07% of the stock is owned by institutional investors.

Insider Transactions at Fluor

In related news, insider Pierre Bechelany sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.24, for a total value of $276,200.00. Following the transaction, the insider directly owned 36,064 shares of the company’s stock, valued at approximately $1,992,175.36. The trade was a 12.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FLR. Wall Street Zen raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Truist Financial reissued a “buy” rating and set a $71.00 price target (up from $64.00) on shares of Fluor in a research note on Monday, August 10th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Robert W. Baird increased their price target on shares of Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, UBS Group upped their target price on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Fluor currently has an average rating of “Hold” and an average price target of $63.33.

Fluor Trading Down 6.6%

Shares of NYSE FLR opened at $43.35 on Friday. Fluor Corporation has a 52-week low of $39.33 and a 52-week high of $58.35. The firm’s 50 day moving average price is $51.92 and its 200-day moving average price is $50.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $5.80 billion, a PE ratio of -3.53, a P/E/G ratio of 0.95 and a beta of 1.28.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%. Fluor’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. On average, equities research analysts expect that Fluor Corporation will post 2.69 EPS for the current fiscal year.

Fluor Company Profile

Fluor Corporation is a global engineering, procurement, construction and project-management company serving government and commercial clients. The company provides design and construction services, project development, procurement, maintenance, operations support and consulting for complex infrastructure and industrial projects.

Fluor’s activities span energy, chemicals and advanced technologies, infrastructure, mining and metals, life sciences, and government and national-security programs.