Wealth Enhancement Advisory Services LLC Buys 1,696 Shares of Fluor Co. (NYSE:FLR)

Wealth Enhancement Advisory Services LLC grew its stake in Fluor Co. (NYSE:FLR) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,566 shares of the construction company’s stock after buying an additional 1,696 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fluor were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Neo Ivy Capital Management grew its position in Fluor by 45.2% in the fourth quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock worth $3,252,000 after acquiring an additional 20,541 shares in the last quarter. State of Wyoming boosted its holdings in shares of Fluor by 165.6% in the 4th quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock worth $250,000 after purchasing an additional 3,160 shares in the last quarter. Tema Etfs LLC bought a new position in shares of Fluor during the 4th quarter valued at about $5,317,000. Point72 Hong Kong Ltd raised its holdings in shares of Fluor by 15.6% during the 4th quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock valued at $2,133,000 after buying an additional 5,849 shares in the last quarter. Finally, Potrero Capital Research LLC bought a new stake in Fluor in the 4th quarter worth approximately $14,115,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Activity at Fluor

In related news, insider Alvin C. Collins III sold 18,920 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the sale, the insider now directly owns 64,383 shares of the company’s stock, valued at $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David E. Constable sold 40,800 shares of the business’s stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Fluor Trading Down 2.7%

NYSE FLR opened at $48.43 on Friday. The stock has a market cap of $7.97 billion, a P/E ratio of 3.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The stock has a 50 day simple moving average of $37.82 and a two-hundred day simple moving average of $42.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.23. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. On average, analysts forecast that Fluor Co. will post 2.5 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on FLR. Wall Street Zen downgraded shares of Fluor from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. DA Davidson cut their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Truist Financial lifted their price objective on Fluor from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Citigroup dropped their target price on Fluor from $55.00 to $46.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.43.

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.