Wealth Enhancement Advisory Services LLC Has $927,000 Stake in Fluor Corporation (NYSE:FLR)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 170.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,872 shares of the construction company's stock after purchasing an additional 16,306 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Fluor were worth $927,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Fluor in the 4th quarter worth approximately $2,926,000. US Bancorp DE lifted its stake in Fluor by 2.2% during the fourth quarter. US Bancorp DE now owns 33,781 shares of the construction company's stock worth $1,666,000 after purchasing an additional 720 shares during the period. Smartleaf Asset Management LLC grew its position in Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after acquiring an additional 287 shares during the period. Jones Financial Companies Lllp boosted its position in Fluor by 179.4% in the fourth quarter. Jones Financial Companies Lllp now owns 3,744 shares of the construction company's stock valued at $185,000 after buying an additional 2,404 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in Fluor during the 4th quarter valued at $24,849,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the transaction, the insider directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David E. Constable sold 40,800 shares of the firm'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 owned 870,627 shares of the company's stock, valued at $42,660,723. This trade represents a 4.48% 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 company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group reaffirmed a "buy" rating and issued a $60.00 price target (up from $48.00) on shares of Fluor in a report on Tuesday, June 24th. Truist Financial boosted their price objective on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, May 5th. KeyCorp cut their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Robert W. Baird set a $41.00 target price on Fluor in a report on Monday, May 5th. Finally, Wall Street Zen lowered Fluor from a "buy" rating to a "hold" rating in a 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. Based on data from MarketBeat, Fluor has a consensus rating of "Moderate Buy" and an average price target of $47.14.

Fluor Stock Performance

FLR opened at $51.47 on Thursday. The firm has a market cap of $8.48 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.74. The business's fifty day moving average is $42.55 and its 200-day moving average is $42.47.

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, topping the consensus estimate of $0.50 by $0.23. The business had revenue of $3.98 billion during 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. Sell-side analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Fluor 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.

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