Janney Montgomery Scott LLC Has $4.29 Million Holdings in Fluor Co. (NYSE:FLR)

Janney Montgomery Scott LLC raised its stake in shares of Fluor Co. (NYSE:FLR - Free Report) by 22.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,881 shares of the construction company's stock after buying an additional 15,988 shares during the period. Janney Montgomery Scott LLC owned about 0.05% of Fluor worth $4,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLR. The Manufacturers Life Insurance Company grew its stake in Fluor by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 206,060 shares of the construction company's stock valued at $8,974,000 after purchasing an additional 9,567 shares in the last quarter. Algert Global LLC grew its stake in shares of Fluor by 182.8% in the 2nd quarter. Algert Global LLC now owns 17,140 shares of the construction company's stock valued at $746,000 after buying an additional 11,080 shares in the last quarter. Creative Planning increased its holdings in Fluor by 68.9% in the second quarter. Creative Planning now owns 30,987 shares of the construction company's stock worth $1,349,000 after buying an additional 12,642 shares during the last quarter. Truist Financial Corp raised its position in Fluor by 3.7% during the second quarter. Truist Financial Corp now owns 8,713 shares of the construction company's stock valued at $379,000 after acquiring an additional 312 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Fluor in the second quarter valued at approximately $202,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Baird R W lowered shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. KeyCorp raised their target price on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday. Truist Financial lowered their price objective on Fluor from $66.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, DA Davidson boosted their target price on Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fluor presently has a consensus rating of "Moderate Buy" and an average price target of $59.29.

Insider Transactions at Fluor

In other news, insider Mark E. Fields sold 50,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas P. D'agostino sold 7,681 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares of the company's stock, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Fluor Stock Performance

NYSE:FLR traded down $0.24 during mid-day trading on Friday, hitting $48.30. 2,717,684 shares of the company's stock traded hands, compared to its average volume of 2,703,004. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 3.40 and a beta of 1.91. The firm has a 50 day moving average of $51.85 and a two-hundred day moving average of $50.33. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10.

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

Fluor Company 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.