Janney Montgomery Scott LLC Has $4 Million Position in Fluor Corporation (NYSE:FLR)

Janney Montgomery Scott LLC grew its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 28.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,729 shares of the construction company's stock after purchasing an additional 24,848 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of Fluor worth $4,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CIBC Asset Management Inc increased its position in Fluor by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after buying an additional 264 shares during the period. Venturi Wealth Management LLC grew its position in shares of Fluor by 826.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock worth $77,000 after acquiring an additional 1,388 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Fluor by 779.1% in the 4th quarter. Global Retirement Partners LLC now owns 2,233 shares of the construction company's stock worth $110,000 after acquiring an additional 1,979 shares during the period. Ieq Capital LLC bought a new stake in shares of Fluor during the fourth quarter valued at approximately $353,000. Finally, Mengis Capital Management Inc. bought a new position in Fluor in the 4th quarter worth approximately $1,510,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on FLR shares. Wall Street Zen downgraded Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. KeyCorp dropped their price target 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. UBS Group increased their price objective on shares of Fluor from $48.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, Robert W. Baird set a $41.00 price target on Fluor in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

Insider Buying and Selling

In other Fluor news, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the sale, the insider now owns 64,383 shares of the company's stock, valued at approximately $2,924,919.69. This represents 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 currently owned by corporate insiders.

Fluor Trading Up 4.4%

Shares of Fluor stock traded up $2.18 during trading on Tuesday, hitting $51.29. The stock had a trading volume of 4,884,635 shares, compared to its average volume of 2,604,710. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10. The stock has a 50 day simple moving average of $40.49 and a 200 day simple moving average of $42.56. 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 company has a market capitalization of $8.45 billion, a PE ratio of 4.92, a P/E/G ratio of 2.36 and a beta of 1.30.

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

About Fluor

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.