Qsemble Capital Management LP Buys Shares of 11,013 Fluor Co. (NYSE:FLR)

Qsemble Capital Management LP bought a new stake in shares of Fluor Co. (NYSE:FLR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,013 shares of the construction company’s stock, valued at approximately $525,000.

Several other hedge funds have also recently added to or reduced their stakes in FLR. ORG Partners LLC bought a new stake in shares of Fluor in the 2nd quarter worth $34,000. GAMMA Investing LLC raised its stake in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after buying an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 worth $41,000 after buying an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor in the 2nd quarter worth $51,000. Finally, Quest Partners LLC bought a new stake in shares of Fluor in the 2nd quarter worth $52,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity at Fluor

In related news, CFO Joseph L. Brennan sold 15,335 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at $2,751,163.38. The trade was a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now owns 147,045 shares in the company, 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 81,261 shares of company stock worth $4,360,074 over the last three months. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

FLR has been the topic of a number of research reports. Truist Financial boosted their price objective on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. DA Davidson lifted their target price on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird lifted their target price on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, KeyCorp lifted their target price on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.29.

Fluor Price Performance

NYSE FLR opened at $55.25 on Thursday. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $9.48 billion, a PE ratio of 36.83, a P/E/G ratio of 4.38 and a beta of 1.90. The stock has a 50-day simple moving average of $51.44 and a 200 day simple moving average of $47.57.

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

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.