Cerity Partners LLC Buys 24,979 Shares of Fluor Co. (NYSE:FLR)

Cerity Partners LLC boosted its holdings in Fluor Co. (NYSE:FLR - Free Report) by 64.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,029 shares of the construction company's stock after purchasing an additional 24,979 shares during the period. Cerity Partners LLC's holdings in Fluor were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLR. ORG Partners LLC acquired a new stake in shares of Fluor in the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC lifted its stake in Fluor by 46.4% in the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock valued at $39,000 after acquiring an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company's stock valued at $41,000 after acquiring an additional 930 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fluor during the 2nd quarter worth about $51,000. Finally, Quest Partners LLC acquired a new stake in Fluor in the 2nd quarter valued at about $52,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fluor

In related news, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares in the company, valued at approximately $2,676,885.27. This trade represents a 6.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark E. Fields sold 50,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares of the company's stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,261 shares of company stock worth $4,360,074. Company insiders own 1.70% of the company's stock.

Fluor Stock Performance

FLR stock traded up $0.88 during trading hours on Friday, hitting $56.13. 1,142,599 shares of the stock were exchanged, compared to its average volume of 3,192,893. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9.63 billion, a P/E ratio of 37.42, a P/E/G ratio of 4.39 and a beta of 1.90. The company has a 50-day simple moving average of $51.96 and a two-hundred day simple moving average of $47.86.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the firm earned $1.02 EPS. Fluor's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts forecast that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of recent analyst reports. Robert W. Baird upped their price objective on Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. DA Davidson increased their price target on Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. UBS Group raised their price target on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Truist Financial upped their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, KeyCorp raised their target price on shares of Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $60.29.

About Fluor

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.