Shelton Wealth Management LLC Purchases Shares of 20,480 Fluor Corporation (NYSE:FLR)

Shelton Wealth Management LLC purchased a new stake in Fluor Corporation (NYSE:FLR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,480 shares of the construction company's stock, valued at approximately $734,000.

Several other institutional investors have also recently added to or reduced their stakes in FLR. Alyeska Investment Group L.P. raised its holdings in Fluor by 329.5% in 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 acquiring an additional 1,523,647 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Fluor by 10,125.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock valued at $52,129,000 after purchasing an additional 1,046,610 shares during the last quarter. Hood River Capital Management LLC increased its stake in Fluor by 58.4% during the fourth quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company's stock valued at $96,285,000 after purchasing an additional 719,583 shares during the last quarter. Yaupon Capital Management LP bought a new stake in Fluor during the fourth quarter valued at $26,353,000. Finally, Frontier Capital Management Co. LLC bought a new stake in Fluor during the fourth quarter valued at $25,117,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chairman now owns 870,627 shares in the company, valued at approximately $42,660,723. This trade represents a 4.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Fluor Stock Performance

Shares of Fluor stock traded down $0.41 during trading on Monday, hitting $49.23. 3,719,162 shares of the stock were exchanged, compared to its average volume of 2,590,241. The stock's fifty day moving average is $40.15 and its 200 day moving average is $42.50. The stock has a market cap of $8.11 billion, a PE ratio of 4.72, a P/E/G ratio of 2.38 and a beta of 1.30. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.74. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. KeyCorp lowered their target price on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Robert W. Baird set a $41.00 target price on shares of Fluor in a research note on Monday, May 5th. Truist Financial boosted their target price on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Citigroup lowered their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen lowered shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Fluor currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

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.