XTX Topco Ltd Invests $403,000 in Fluor Co. (NYSE:FLR)

XTX Topco Ltd purchased a new stake in Fluor Co. (NYSE:FLR) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 8,456 shares of the construction company’s stock, valued at approximately $403,000.

Several other hedge funds also recently added to or reduced their stakes in FLR. Allspring Global Investments Holdings LLC grew its position in shares of Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after buying an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fluor during the second quarter worth about $51,000. Quest Partners LLC acquired a new stake in shares of Fluor during the second quarter worth about $52,000. Quarry LP lifted its holdings in shares of Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Fluor in the 3rd quarter valued at about $96,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of FLR opened at $54.64 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $53.54 and its two-hundred day moving average is $48.98. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The firm has a market capitalization of $9.37 billion, a PE ratio of 36.43, a P/E/G ratio of 4.36 and a beta of 1.89.

Fluor (NYSE:FLR) last posted its quarterly 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 business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. Research analysts anticipate that Fluor Co. will post 2.62 earnings per share for the current year.

Insider Transactions at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,942 shares of company stock valued at $4,793,206 in the last ninety days. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FLR has been the topic of several research analyst reports. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. DA Davidson upped their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial raised their price objective on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. UBS Group upped 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. Finally, KeyCorp raised their price target on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and an average target price of $60.29.

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.