Creative Planning Buys 12,642 Shares of Fluor Co. (NYSE:FLR)

Creative Planning increased its stake in shares of Fluor Co. (NYSE:FLR) by 68.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 30,987 shares of the construction company’s stock after purchasing an additional 12,642 shares during the quarter. Creative Planning’s holdings in Fluor were worth $1,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GLOBALT Investments LLC GA bought a new stake in shares of Fluor in the 4th quarter worth about $1,831,000. Virtu Financial LLC bought a new stake in Fluor in the fourth quarter worth about $250,000. American International Group Inc. boosted its position in shares of Fluor by 10.2% during the fourth quarter. American International Group Inc. now owns 299,683 shares of the construction company’s stock valued at $11,739,000 after buying an additional 27,669 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Fluor by 7.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 794,174 shares of the construction company’s stock valued at $31,108,000 after buying an additional 53,398 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Fluor by 18.6% in the fourth quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock worth $668,278,000 after buying an additional 2,670,473 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Transactions at Fluor

In other Fluor news, CAO John C. Regan sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now directly owns 55,965 shares in the company, valued at $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fluor news, CAO John C. Regan sold 13,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now directly owns 55,965 shares in the company, valued at approximately $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares in the company, valued at $2,676,885.27. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,261 shares of company stock valued at $2,156,604 in the last 90 days. Insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Shares of NYSE:FLR opened at $50.43 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.91. The firm has a 50 day moving average of $47.65 and a 200 day moving average of $44.52. Fluor Co. has a 52 week low of $32.31 and a 52 week high of $51.64.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.17. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. On average, sell-side analysts predict that Fluor Co. will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FLR shares. DA Davidson upped their price objective on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective for the company in a report on Wednesday, July 17th. Barclays upped their target price on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Citigroup lifted their price target on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, UBS Group increased their price objective on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Two 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.00.

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.