Engineers Gate Manager LP Sells 11,584 Shares of Fluor Co. (NYSE:FLR)

Engineers Gate Manager LP lessened its position in Fluor Co. (NYSE:FLR – Get Rating) by 42.4% in the 3rd quarter, Holdings Channel reports. The firm owned 15,756 shares of the construction company’s stock after selling 11,584 shares during the period. Engineers Gate Manager LP’s holdings in Fluor were worth $392,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in Fluor by 70.9% in the third quarter. Allworth Financial LP now owns 1,080 shares of the construction company’s stock valued at $27,000 after purchasing an additional 448 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Fluor by 91.7% during the second quarter. Meeder Asset Management Inc. now owns 1,403 shares of the construction company’s stock worth $34,000 after acquiring an additional 671 shares in the last quarter. Atlas Capital Advisors LLC increased its position in shares of Fluor by 665.0% during the second quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock worth $45,000 after acquiring an additional 1,596 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Fluor during the third quarter worth $77,000. Finally, IFP Advisors Inc increased its position in shares of Fluor by 63.3% during the third quarter. IFP Advisors Inc now owns 3,369 shares of the construction company’s stock worth $165,000 after acquiring an additional 1,306 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Fluor from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. UBS Group increased their price objective on shares of Fluor from $26.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 29th. Finally, Credit Suisse Group increased their price objective on shares of Fluor from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 22nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.29.

Fluor Stock Performance

Shares of FLR opened at $32.82 on Tuesday. Fluor Co. has a 12 month low of $21.67 and a 12 month high of $38.20. The firm has a fifty day simple moving average of $35.74 and a 200 day simple moving average of $32.19. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 44.96, a PEG ratio of 0.77 and a beta of 2.29. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49.

Fluor (NYSE:FLR – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $4.04 billion. Fluor had a net margin of 1.06% and a return on equity of 8.49%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Research analysts forecast that Fluor Co. will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling at Fluor

In other Fluor news, insider James R. Breuer sold 4,000 shares of the stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $37.81, for a total value of $151,240.00. Following the completion of the sale, the insider now owns 41,742 shares in the company, valued at $1,578,265.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.01% of the company’s stock.

Fluor Company Profile

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.