17,000 Shares in Fluor Corporation (NYSE:FLR) Purchased by Private Wealth Partners LLC

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

A number of other hedge funds have also bought and sold shares of the company. Alyeska Investment Group L.P. grew its holdings in Fluor by 329.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock worth $97,954,000 after acquiring an additional 1,523,647 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Fluor by 10,125.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock worth $52,129,000 after acquiring an additional 1,046,610 shares in the last quarter. Hood River Capital Management LLC grew its holdings in Fluor by 58.4% during the 4th quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company's stock worth $96,285,000 after acquiring an additional 719,583 shares in the last quarter. Yaupon Capital Management LP bought a new position in Fluor during the 4th quarter worth about $26,353,000. Finally, Frontier Capital Management Co. LLC bought a new position in Fluor during the 4th quarter worth about $25,117,000. Institutional investors own 88.07% of the company's stock.

Fluor Price Performance

FLR stock traded down $0.41 during midday trading on Monday, reaching $49.23. The stock had a trading volume of 3,719,162 shares, compared to its average volume of 2,590,241. The company's fifty day simple moving average is $40.15 and its 200 day simple moving average is $42.50. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 2.38 and a beta of 1.30. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10.

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

Analysts Set New Price Targets

Several research analysts have issued reports on FLR shares. Citigroup dropped their target price 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. Robert W. Baird set a $41.00 price target on shares of Fluor in a research report on Monday, May 5th. KeyCorp decreased their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Wall Street Zen lowered shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Truist Financial increased their price target 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Fluor has an average rating of "Moderate Buy" and an average price target of $45.43.

Insider Transactions at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of Fluor stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction on Monday, June 9th. The stock was 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 represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

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.