Crossmark Global Holdings Inc. Boosts Holdings in Fluor Co. (NYSE:FLR)

Crossmark Global Holdings Inc. grew its position in shares of Fluor Co. (NYSE:FLR) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,510 shares of the construction company’s stock after purchasing an additional 381 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fluor were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new position in Fluor in the 2nd quarter worth about $34,000. GAMMA Investing LLC raised its stake in Fluor by 46.4% in the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Fluor by 6,642.9% during 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 purchased a new position in Fluor in the 2nd quarter worth approximately $51,000. Finally, Quest Partners LLC purchased a new stake in shares of Fluor during the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 2.2 %

NYSE:FLR opened at $51.92 on Friday. The firm has a market capitalization of $8.91 billion, a P/E ratio of 34.61, a P/E/G ratio of 3.93 and a beta of 1.90. Fluor Co. has a 52 week low of $35.04 and a 52 week high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $50.14 and a 200 day moving average of $46.78.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. DA Davidson increased their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Truist Financial raised their price objective on Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. KeyCorp upped their target price on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. UBS Group lifted their price target 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. Finally, Robert W. Baird increased their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

Insider Buying and Selling

In other news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares of the company’s stock, valued at approximately $2,676,885.27. The trade was a 6.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 31,261 shares of company stock valued at $1,528,574 over the last quarter. 1.70% of the stock is owned by company insiders.

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.