United Services Automobile Association Boosts Stock Holdings in Fluor Co. (NYSE:FLR)

United Services Automobile Association raised its holdings in Fluor Co. (NYSE:FLR – Get Rating) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,646 shares of the construction company’s stock after acquiring an additional 519 shares during the period. United Services Automobile Association’s holdings in Fluor were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its position in shares of Fluor by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 37,605 shares of the construction company’s stock valued at $936,000 after acquiring an additional 349 shares during the period. Creative Planning boosted its position in shares of Fluor by 1.8% in the third quarter. Creative Planning now owns 21,131 shares of the construction company’s stock valued at $526,000 after acquiring an additional 369 shares during the period. Towle & Co boosted its position in shares of Fluor by 1.5% in the third quarter. Towle & Co now owns 26,130 shares of the construction company’s stock valued at $650,000 after acquiring an additional 390 shares during the period. First Trust Advisors LP lifted its position in Fluor by 3.4% during the first quarter. First Trust Advisors LP now owns 12,488 shares of the construction company’s stock valued at $358,000 after purchasing an additional 411 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Fluor by 4.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company’s stock valued at $268,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Fluor Price Performance

FLR stock opened at $32.47 on Wednesday. The firm has a 50 day moving average price of $35.70 and a 200-day moving average price of $32.22. Fluor Co. has a 52-week low of $21.67 and a 52-week high of $38.20. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 0.77 and a beta of 2.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57.

Fluor (NYSE:FLR – Get Rating) last released its earnings results on Tuesday, February 21st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.11). Fluor had a net margin of 1.06% and a return on equity of 8.49%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. Fluor’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts forecast that Fluor Co. will post 1.73 EPS for the current fiscal year.

Insider Activity at Fluor

In related news, insider James R. Breuer sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $37.81, for a total transaction of $151,240.00. Following the completion of the sale, the insider now owns 41,742 shares of the company’s stock, valued at $1,578,265.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on FLR. UBS Group lifted their price target on shares of Fluor from $26.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 29th. Robert W. Baird lifted their target price on shares of Fluor from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 22nd. Finally, Credit Suisse Group lifted their target price on shares of Fluor from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 22nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.29.

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.