Cerity Partners LLC Grows Position in Fluor Corporation (NYSE:FLR)

Cerity Partners LLC raised its stake in Fluor Corporation (NYSE:FLR - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,478 shares of the construction company's stock after buying an additional 5,522 shares during the period. Cerity Partners LLC's holdings in Fluor were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after buying an additional 408 shares during the period. Versant Capital Management Inc boosted its position in Fluor by 121.5% in the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock valued at $43,000 after buying an additional 666 shares during the period. Golden State Wealth Management LLC boosted its position in Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock valued at $49,000 after buying an additional 701 shares during the period. Parallel Advisors LLC boosted its position in Fluor by 77.8% in the 1st quarter. Parallel Advisors LLC now owns 2,813 shares of the construction company's stock valued at $101,000 after buying an additional 1,231 shares during the period. Finally, GeoWealth Management LLC purchased a new stake in Fluor in the 4th quarter valued at about $128,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Trading Up 2.0%

NYSE FLR opened at $54.99 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.30. The firm has a market cap of $9.05 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 2.64 and a beta of 1.34. The company has a 50 day moving average price of $46.76 and a 200 day moving average price of $42.55. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.50 by $0.23. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.27 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. Fluor's revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, sell-side analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Insider Activity at Fluor

In other Fluor news, Chairman David E. Constable sold 40,800 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman owned 870,627 shares in the company, valued at approximately $42,660,723. This represents a 4.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider owned 64,383 shares in the company, valued at $2,924,919.69. The trade was a 22.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,320 shares of company stock valued at $4,870,182. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FLR shares. Robert W. Baird boosted their price objective on shares of Fluor from $41.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Citigroup reduced their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a report on Friday, April 25th. KeyCorp lowered shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a report on Tuesday, July 15th. Truist Financial boosted their price target on shares of Fluor from $47.00 to $59.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, Wall Street Zen lowered shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $50.86.

Fluor Company Profile

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.

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