Janney Montgomery Scott LLC Acquires 24,848 Shares of Fluor Corporation (NYSE:FLR)

Janney Montgomery Scott LLC grew its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 28.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,729 shares of the construction company's stock after buying an additional 24,848 shares during the period. Janney Montgomery Scott LLC owned 0.07% of Fluor worth $4,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Fluor by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock worth $872,871,000 after acquiring an additional 168,822 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Fluor by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock worth $152,596,000 after purchasing an additional 107,327 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Fluor by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock worth $124,087,000 after purchasing an additional 25,528 shares during the period. Northern Trust Corp grew its holdings in Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock valued at $117,971,000 after buying an additional 273,156 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock valued at $97,954,000 after buying an additional 1,523,647 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Buying and Selling

In other news, insider Alvin C. Collins III sold 18,920 shares of the firm'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 value of $859,535.60. Following the transaction, the insider now owns 64,383 shares in the company, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the 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 now directly owns 870,627 shares of the company's stock, valued at $42,660,723. The trade was a 4.48% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FLR has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Robert W. Baird set a $41.00 price target on shares of Fluor in a report on Monday, May 5th. Citigroup decreased their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Wall Street Zen lowered Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.14.

Fluor Price Performance

NYSE FLR traded up $0.16 during trading hours on Friday, reaching $51.54. 7,301,224 shares of the stock traded hands, compared to its average volume of 2,639,930. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a 50 day simple moving average of $41.17 and a two-hundred day simple moving average of $42.58. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 4.94, a price-to-earnings-growth ratio of 2.39 and a beta of 1.30.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.98 billion for the quarter, compared to analysts' expectations 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 period last year, the firm posted $0.47 EPS. On average, analysts predict 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.