22,400 Shares in Fluor Co. (NYSE:FLR) Purchased by Versor Investments LP

22,400 Shares in Fluor Co. (NYSE:FLR) Purchased by Versor Investments LP
November 12th, 2024

Versor Investments LP recently added a stake in Fluor Co (NYSE;FLR. Free Report) during the third quarter as per the latest filing with the Securities and Exchange Commission by the company itself. The fund purchased 22 400 shares of the construction firms stock worth, around $1 069 000.

Several other investment firms and large financial organizations have also traded shares of the company in question. In the quarter of the year ClariVent Asset Management LLC increased its stake in Fluor by 0..03% now holding 77 587 shares valued at $ 3379 million after acquiring an additional 233 shares in the last quarter. Xponance Inc also boosted its investment, in Fluor by 1..02 % during the period. Xponance Inc now holds 23 097 shares of the construction companys stock valued at $1 006 000 after acquiring a 265 shares in the previous quarter JGP Wealth Management LLC increased its stake, in Fluor by 5 6 percent during the third quarter JGP Wealth Management LLC currently possesses 5 313 shares of the construction firms stock valued at $253 000 after buying an extra 283 shares during the last quarter GAMMA Investing LLC expanded its Fluor holdings by a significant margin of 46 point four percent in the second quarterGamma Investing LLC currently holds 899 shares of the construction companys stock valued at $39K after purchasing a 285 shares in the previous quarter. Furthermore Truist Financial Corp increased its holdings in Fluor by 3. Truist Financial Corp now possesses 8, 713 shares of the construction companys stock valued at $379K after acquiring a 312 shares last quarter. Institutional investors and hedge funds collectively own around 88. 07 Percent of the companys stock.

On Tuesday morning at the stock market opening bell at 9;30 AM Eastern Time (ET) FLR started trading at $49 and 82 cents per share – an increase from the previous days closing price. FLRs stock performance metrics show that its average price over the fifty days sits at around $49 and 80 cents per share and its average price over the last two hundred days is approximately $46 and 55 cents per share. Currently valued at around $8 and a half billion dollars in market capitalization with a price to earnings ratio of about 33 times earnings and a PEG ratio of 2 point 21 along with a value of 1 point nine indicating higher volatility compared to the overall market. The company also boasts liquidity ratios with a current ratio and quick ratio both standing strong at 1 point seven seven each suggesting strong financial health while maintaining a debt to equity ratio of just, above half at point five one. The lowest price for Fluor Co.s stock, over the year was $35,04 while the highest was $60,10.

Fluor recently disclosed its performance on Friday the 8th of November when it reported earnings of 51 cents per share for the quarter—falling short of the anticipated 76 cents by 25 cents per share; also noting revenue at not quite hitting analysts’ projections at a total of $ billion compared to an expected figure of $ billion. Fluors profitability stood at a margin of 2.62 % with a return, on equity recorded at 25.02 %. The companys earnings for the quarter increased by 3·three percent compared to the years same period results they earned $one point zero two per share a year ago analysts anticipate Fluor Co.s current fiscal year EPS to be 2·two eight, on average

Several research reports have discussed FLR recently with outlooks from financial institutions like Citigroup and Truist Financial upgrading their ratings on Fluor Corporations stock to "buy," along, with raising target prices in their respective reports in October. The stock price target for Fluor was increased by Robert W.Baird from $46 to $54 with an "rating on August 5th in their analysis report. UBS Group also raised their price target on Fluor from $51 to$63 with a "buy" rating, in their research note dated October 23rd. DA Davidson recently increased their price target for Fluor shares from $50 to $58. Provided a "buy'' recommendation in a report released on Monday,August 5th.One analyst assessed the stock with a hold rating while six others gave it a buy rating.Average ratings from MarketBeat.com suggest a "Moderate Buy'', with a price target of around$59.

Check out the recent stock report, for Fluor.

In update; CFO Joseph L Brennan recently sold 15 335 shares of the stock on Friday last week at an average price of about 47 dollars and 57 cents per share for a total amount of roughly 729 thousand dollars and change dollars. After the sale the CFO now holds fifty seven thousand eight hundred and thirty four shares in the company directly valued at around two million seven hundred and fifty one thousand one hundred sixty three dollars and thirty eight cents. This indicates that there was no change, in their ownership percentage of the stock. The sale details were disclosed in a report submitted to the Securities and Exchange Commission (SEC) on the SEC website for public access. On another note regarding company updates; CFO Joseph L Brennan recently sold 15 335 shares of Fluor stock on Friday the 20th of September at a price of $47 57 per share amount, to a total sum of approximately$729 485.95. Post this transaction the chief financial officer now holds a total of 57 834 shares in the company which are estimated at a value around$2751163.38. This trade resulted in a decrease of their stock ownership by0.00 %.The details of the transaction were disclosed in a filing submitted to the SEC and can be found at this provided link here. Furthermore CFO Joseph L.Brennan sold 4,012 shares of the companys stock on Friday, October 4th. The shares were sold at a price of$50.01 amountin g to a total transaction value of$200 640.12. After completing the sale the chief financial officer now holds 53,527 shares, in the company directly with an estimated value of$ 2676 885.27. This signifies a 0 percent reduction in their stake, in the companys shares The information regarding this transaction is available here Insiders have sold 44,261 shares of the companys stock for a value of $ 2156,604 in the previous quarter Presently company insiders own 1.70 percent of the stock

Fluor Corporation offers a range of services globally that include engineering and construction (EPC) fabrication and modularization well as operation and maintenance services along with asset integrity and project management solutions across different sectors such as energy transition markets like asset decarbonization and renewable fuels among others through its various segments, like Energy Solutions and Urban Solutions.

This breaking news update was created using narrative science technology and financial information sourced from MarketBeat to deliver precise reporting for readers benefit. Before being published this article underwent review, by MarketBeats team. For any inquiries or feedback regarding this news story please reach out to contact the team at marketbeat.com.

Before you delve into Fluors details there's something you should know first.

MarketBeat monitors the recommendations of performing research analysts from Wall Street highlighting the stocks they suggest to clients daily The platform has pinpointed five stocks that leading analysts are discreetly advising their clients to purchase before the wider market takes notice... Interestingly Fluor did not make it onto this list.

Among analysts at the moment Fluor is rated as having a "Moderate Buy ". Top rated analysts suggest that there are five other stocks that may be better buys, than Fluor.

Shandor Brenner

Shandor Brenner is an American journalist recognized for his sharp and insightful reporting on social and political issues. His work is known for its depth, integrity, and the ability to highlight critical societal concerns.

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