Creative Planning Has $2 Million Stake in Fluor Co. (NYSE:FLR)

Creative Planning increased its position in Fluor Co. (NYSE:FLR - Free Report) by 35.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,001 shares of the construction company's stock after buying an additional 11,014 shares during the period. Creative Planning's holdings in Fluor were worth $2,004,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. ClariVest Asset Management LLC increased its position in Fluor by 0.3% during the second quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company's stock worth $3,379,000 after purchasing an additional 233 shares during the last quarter. Xponance Inc. grew its stake in Fluor by 1.2% during the second quarter. Xponance Inc. now owns 23,097 shares of the construction company's stock worth $1,006,000 after buying an additional 265 shares during the period. JGP Wealth Management LLC grew its stake in Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company's stock worth $253,000 after buying an additional 283 shares during the period. GAMMA Investing LLC grew its stake in Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock worth $39,000 after buying an additional 285 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Fluor by 0.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company's stock worth $2,739,000 after buying an additional 286 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling

In related news, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the transaction, the chief financial officer now owns 41,908 shares of the company's stock, valued at $2,107,972.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fluor news, CAO John C. Regan sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the transaction, the chief accounting officer now directly owns 55,965 shares of the company's stock, valued at approximately $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the transaction, the chief financial officer now directly owns 41,908 shares in the company, valued at approximately $2,107,972.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock valued at $2,156,604 over the last quarter. Corporate insiders own 1.70% of the company's stock.

Fluor Price Performance

Fluor stock traded down $0.43 during trading hours on Tuesday, hitting $53.20. 1,350,915 shares of the company traded hands, compared to its average volume of 1,567,122. The firm has a market cap of $9.11 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.32 and a beta of 1.91. 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's 50-day simple moving average is $48.93 and its two-hundred day simple moving average is $45.58. Fluor Co. has a 1-year low of $32.31 and a 1-year high of $55.86.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the firm posted $0.76 EPS. The business's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast that Fluor Co. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FLR shares. Truist Financial upped their target price on shares of Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and upped their target price for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of Fluor from $39.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, July 18th. KeyCorp upgraded shares of Fluor from a "sector weight" rating to an "overweight" rating and set a $57.00 target price for the company in a research note on Wednesday, July 17th. Finally, UBS Group increased their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.29.

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.