Fluor Corporation $FLR Position Lessened by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. decreased its stake in shares of Fluor Corporation (NYSE:FLR) by 95.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,614 shares of the construction company’s stock after selling 101,361 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Fluor were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FLR. Sterling Capital Management LLC lifted its position in shares of Fluor by 53.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,318 shares of the construction company’s stock valued at $159,000 after acquiring an additional 1,151 shares during the period. Titan Investment Management LLC bought a new position in Fluor during the third quarter worth $2,782,000. Root Financial Partners LLC acquired a new stake in Fluor in the third quarter worth $44,000. Reyes Financial Architecture Inc. acquired a new stake in Fluor in the third quarter worth $28,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Fluor in the third quarter worth $397,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Shares of FLR opened at $44.05 on Monday. Fluor Corporation has a 12-month low of $39.33 and a 12-month high of $58.35. The business’s fifty day moving average is $51.75 and its 200 day moving average is $50.35. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.89 billion, a P/E ratio of -3.59, a P/E/G ratio of 0.91 and a beta of 1.28.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FLR shares. Robert W. Baird lifted their price target on shares of Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Fluor from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings lowered Fluor from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Fluor in a research note on Friday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.33.

Insiders Place Their Bets

In other Fluor news, insider Pierre Bechelany sold 5,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were 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. This trade represents a 12.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.70% of the company’s stock.

Fluor 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.