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

Creative Planning lifted its stake in shares of Fluor Co. (NYSE:FLR) by 68.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,987 shares of the construction company’s stock after buying an additional 12,642 shares during the quarter. Creative Planning’s holdings in Fluor were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Fluor by 18.6% in the 4th quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock valued at $668,278,000 after purchasing an additional 2,670,473 shares during the period. Hood River Capital Management LLC purchased a new stake in shares of Fluor in the 2nd quarter worth about $47,559,000. Rubric Capital Management LP increased its stake in shares of Fluor by 23.6% in the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock worth $139,992,000 after acquiring an additional 614,521 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Fluor by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after acquiring an additional 323,111 shares during the period. Finally, Great Lakes Advisors LLC boosted its stake in Fluor by 2,441.9% during the second quarter. Great Lakes Advisors LLC now owns 282,655 shares of the construction company’s stock worth $12,310,000 after acquiring an additional 271,535 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Truist Financial increased their target price on Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research note on Wednesday, July 17th. Barclays lifted their target price on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Robert W. Baird increased their price target on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Fluor currently has an average rating of “Moderate Buy” and an average target price of $54.00.

Fluor Stock Down 0.4 %

FLR opened at $50.43 on Wednesday. Fluor Co. has a twelve month low of $32.31 and a twelve month high of $51.64. 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 firm has a 50 day moving average price of $47.65 and a 200-day moving average price of $44.52. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.02 and a beta of 1.91.

Fluor (NYSE:FLR) last announced its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.17. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts forecast that Fluor Co. will post 2.88 earnings per share for the current year.

Insider Transactions at Fluor

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

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.