Goodman Financial Corp Purchases New Position in Fluor Corporation $FLR

Goodman Financial Corp acquired a new position in Fluor Corporation (NYSE:FLR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 192,019 shares of the construction company’s stock, valued at approximately $7,610,000. Fluor accounts for 1.4% of Goodman Financial Corp’s holdings, making the stock its 29th largest holding. Goodman Financial Corp owned 0.12% of Fluor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in shares of Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the period. Larson Financial Group LLC grew its stake in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after purchasing an additional 734 shares during the period. Banque Transatlantique SA raised its holdings in Fluor by 312.5% in the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Fluor by 1,167.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock valued at $53,000 after buying an additional 1,167 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Fluor during the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Truist Financial boosted their price objective on shares of Fluor from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. DA Davidson upped their price objective on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Zacks Research upgraded shares of Fluor from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Finally, Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

Insider Buying and Selling at Fluor

In other Fluor news, insider Kevin B. Hammonds sold 2,988 shares of Fluor stock in a transaction on Friday, February 20th. The stock was sold at an average price of $52.61, for a total value of $157,198.68. Following the completion of the sale, the insider owned 16,273 shares of the company’s stock, valued at approximately $856,122.53. This trade represents a 15.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael E. Alexander sold 3,387 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total value of $179,748.09. Following the transaction, the insider directly owned 68,664 shares in the company, valued at approximately $3,643,998.48. The trade was a 4.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 22,110 shares of company stock worth $1,168,920. Insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Shares of FLR stock opened at $44.81 on Monday. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of -57.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.91 and a current ratio of 1.91. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50. The company’s 50-day moving average is $46.83 and its 200 day moving average is $44.77.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.