Exchange Traded Concepts LLC Acquires 16,070 Shares of Fluor Corporation (NYSE:FLR)

Exchange Traded Concepts LLC increased its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 36.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,675 shares of the construction company's stock after buying an additional 16,070 shares during the period. Exchange Traded Concepts LLC's holdings in Fluor were worth $2,138,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FLR. Vontobel Holding Ltd. boosted its stake in Fluor by 28.8% in the 4th quarter. Vontobel Holding Ltd. now owns 11,284 shares of the construction company's stock valued at $557,000 after purchasing an additional 2,524 shares during the period. Rhumbline Advisers boosted its holdings in Fluor by 1.7% in the 4th quarter. Rhumbline Advisers now owns 547,402 shares of the construction company's stock valued at $26,998,000 after purchasing an additional 9,338 shares during the period. CIBC Asset Management Inc boosted its holdings in Fluor by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock valued at $256,000 after purchasing an additional 264 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Fluor by 826.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock valued at $77,000 after buying an additional 1,388 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Fluor in the fourth quarter valued at approximately $285,000. Institutional investors own 88.07% of the company's stock.

Insider Buying and Selling

In other news, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the completion of the sale, the chairman now owns 870,627 shares in the company, valued at $42,660,723. The trade was a 4.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alvin C. Collins III sold 18,920 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the sale, the insider now directly owns 64,383 shares of the company's stock, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

FLR has been the subject of several recent analyst reports. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Truist Financial upped their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Robert W. Baird set a $41.00 target price on Fluor in a research note on Monday, May 5th. Finally, Citigroup dropped their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Trading Down 1.0%

Shares of FLR stock traded down $0.49 during trading hours on Friday, hitting $49.55. 8,491,192 shares of the company's stock traded hands, compared to its average volume of 2,585,711. The stock's 50 day simple moving average is $39.84 and its 200 day simple moving average is $42.64. The stock has a market cap of $8.16 billion, a PE ratio of 4.75, a price-to-earnings-growth ratio of 2.38 and a beta of 1.30. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.30.

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