Clear Creek Financial Management LLC Purchases Shares of 8,351 Fluor Corporation (NYSE:FLR)

Clear Creek Financial Management LLC bought a new stake in shares of Fluor Corporation (NYSE:FLR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,351 shares of the construction company's stock, valued at approximately $299,000.

Several other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in shares of Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after acquiring an additional 287 shares during the period. Sterling Capital Management LLC lifted its stake in Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after purchasing an additional 408 shares in the last quarter. Arizona State Retirement System boosted its holdings in Fluor by 0.8% in the 4th quarter. Arizona State Retirement System now owns 49,711 shares of the construction company's stock valued at $2,452,000 after purchasing an additional 418 shares during the period. State of Alaska Department of Revenue grew its position in shares of Fluor by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 20,099 shares of the construction company's stock valued at $719,000 after purchasing an additional 545 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Fluor by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 16,678 shares of the construction company's stock worth $823,000 after buying an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Transactions at Fluor

In related news, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction on Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the transaction, the insider directly owned 64,383 shares of the company's stock, valued at $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David E. Constable sold 40,800 shares of the company's stock in a transaction 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 sale, the chairman owned 870,627 shares of the company's stock, valued at $42,660,723. This represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FLR. Robert W. Baird set a $41.00 target price on Fluor in a research note on Monday, May 5th. KeyCorp decreased their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Wall Street Zen downgraded shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. UBS Group reissued a "buy" rating and issued a $60.00 price target (up previously from $48.00) on shares of Fluor in a research note on Tuesday, June 24th. Finally, Truist Financial raised their price objective on shares of Fluor from $47.00 to $59.00 and gave the company a "buy" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.86.

Fluor Price Performance

Shares of FLR stock traded up $1.24 during trading hours on Friday, hitting $52.72. 2,263,112 shares of the company's stock were exchanged, compared to its average volume of 2,650,765. The company has a market capitalization of $8.68 billion, a PE ratio of 5.05, a PEG ratio of 2.53 and a beta of 1.34. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $60.10. The business's 50 day simple moving average is $43.24 and its 200-day simple moving average is $42.45.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.23. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The company had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter last year, the company earned $0.47 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current year.

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.