Private Wealth Partners LLC Takes Position in Fluor Corporation (NYSE:FLR)

Private Wealth Partners LLC bought a new stake in Fluor Corporation (NYSE:FLR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,000 shares of the construction company's stock, valued at approximately $609,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in Fluor by 5.4% during the 4th 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Fluor by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,954 shares of the construction company's stock valued at $1,724,000 after purchasing an additional 300 shares during the period. Sterling Capital Management LLC lifted its position in Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after purchasing an additional 408 shares during the period. Finally, Arizona State Retirement System lifted its position in Fluor by 0.8% during 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. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FLR shares. Barclays set a $40.00 price target on Fluor and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Robert W. Baird set a $41.00 price target on Fluor in a research note on Monday, May 5th. Truist Financial upped their price target on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research note 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. Finally, UBS Group lowered their target price on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Stock Down 1.0%

Shares of FLR traded down $0.49 during mid-day trading on Friday, hitting $49.55. 8,491,192 shares of the company's stock were exchanged, compared to its average volume of 2,583,582. The company has a market cap of $8.16 billion, a PE ratio of 4.75, a P/E/G ratio of 2.40 and a beta of 1.30. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The company has a 50-day simple moving average of $39.84 and a 200 day simple moving average of $42.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74.

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, topping the consensus estimate of $0.50 by $0.23. The company had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. On average, research analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of the stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 870,627 shares of the company's stock, valued at approximately $42,660,723. This represents a 4.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the 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 completion of 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 position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

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.