Exchange Traded Concepts LLC Increases Position in Fluor Corporation $FLR

Exchange Traded Concepts LLC lifted its holdings in Fluor Corporation (NYSE:FLR) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,427 shares of the construction company’s stock after buying an additional 23,892 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.11% of Fluor worth $6,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CoreCap Advisors LLC increased its stake in Fluor by 129.5% in the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares during the period. Larson Financial Group LLC boosted its stake in shares of Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after purchasing an additional 734 shares during the period. Banque Transatlantique SA grew its holdings in shares of Fluor by 312.5% in the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after purchasing an additional 625 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Fluor by 1,167.0% in the third quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock worth $53,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Westfuller Advisors LLC purchased a new position in Fluor in the 3rd quarter worth about $55,000. 88.07% of the stock is owned by institutional investors.

Insider Activity at Fluor

In related news, insider Mark E. Fields sold 5,178 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $52.36, for a total transaction of $271,120.08. Following the completion of the sale, the insider directly owned 194,514 shares in the company, valued at $10,184,753.04. This represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kevin B. Hammonds sold 2,988 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $52.61, for a total value of $157,198.68. Following the sale, the insider directly owned 16,273 shares in the company, valued at approximately $856,122.53. The trade was a 15.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,110 shares of company stock valued at $1,168,920 over the last 90 days. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the subject of several research reports. Weiss Ratings cut shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Zacks Research raised shares of Fluor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. UBS Group reiterated a “buy” rating and issued a $57.00 price target on shares of Fluor in a report on Thursday, February 19th. DA Davidson increased their price objective on Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Truist Financial raised their price objective on Fluor from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $54.33.

Fluor Trading Down 0.0%

NYSE FLR opened at $45.73 on Monday. Fluor Corporation has a one year low of $29.20 and a one year 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. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of -58.63, a price-to-earnings-growth ratio of 1.14 and a beta of 1.35. The company’s 50-day simple moving average is $47.11 and its two-hundred day simple moving average is $44.97.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.Fluor’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. Equities analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Fluor Company Profile

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.