Wealth Enhancement Advisory Services LLC Buys 12,828 Shares of Fluor Corporation $FLR

Wealth Enhancement Advisory Services LLC lifted its stake in Fluor Corporation (NYSE:FLR) by 31.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,410 shares of the construction company’s stock after buying an additional 12,828 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fluor were worth $2,117,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after purchasing an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Fluor by 337.7% in the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock worth $587,000 after purchasing an additional 12,645 shares during the last quarter. Caxton Associates LLP bought a new position in Fluor during the first quarter valued at approximately $266,000. Acadian Asset Management LLC purchased a new position in Fluor during the 1st quarter valued at approximately $54,000. Finally, Franklin Resources Inc. bought a new stake in Fluor in the 2nd quarter worth approximately $2,092,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael E. Alexander sold 3,387 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $53.07, for a total value of $179,748.09. Following the sale, the insider directly owned 68,664 shares in the company, valued at approximately $3,643,998.48. This represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tracey H. Cook sold 2,589 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $53.22, for a total value of $137,786.58. Following the transaction, the insider owned 10,731 shares of the company’s stock, valued at approximately $571,103.82. The trade was a 19.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,110 shares of company stock worth $1,168,920 over the last three months. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on FLR shares. UBS Group reiterated a “buy” rating and set a $57.00 target price on shares of Fluor in a research report on Thursday, February 19th. Truist Financial upped their price target on shares of Fluor from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Zacks Research upgraded shares of Fluor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. DA Davidson boosted their target price on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.33.

Fluor Stock Performance

NYSE:FLR opened at $47.05 on Friday. The firm has a market capitalization of $6.73 billion, a PE ratio of -60.32, a PEG ratio of 1.18 and a beta of 1.30. The stock’s fifty day moving average is $47.27 and its 200 day moving average is $45.06. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.91 and a current ratio of 1.91.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a negative net margin of 0.34% and a positive return on equity of 7.96%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. On average, sell-side analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current year.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.