Wealth Enhancement Advisory Services LLC Increases Stock Position in Fluor Corporation $FLR

Wealth Enhancement Advisory Services LLC boosted its holdings in Fluor Corporation (NYSE:FLR) by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,410 shares of the construction company’s stock after acquiring an additional 12,828 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fluor were worth $2,117,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. NorthCrest Asset Manangement LLC bought a new stake in Fluor in the 4th quarter worth about $311,000. GAMMA Investing LLC boosted its holdings in shares of Fluor by 22.6% during the 4th quarter. GAMMA Investing LLC now owns 2,725 shares of the construction company’s stock valued at $108,000 after acquiring an additional 502 shares during the last quarter. AIA Group Ltd grew its stake in shares of Fluor by 30.6% in the third quarter. AIA Group Ltd now owns 12,662 shares of the construction company’s stock worth $533,000 after acquiring an additional 2,966 shares during the period. Hudson Bay Capital Management LP raised its holdings in shares of Fluor by 310.9% during the third quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock valued at $4,127,000 after purchasing an additional 74,231 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Fluor by 5.8% during the third quarter. Allworth Financial LP now owns 6,871 shares of the construction company’s stock valued at $289,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

NYSE FLR opened at $47.05 on Friday. 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 business’s fifty day moving average is $47.27 and its 200 day moving average is $45.06. The company has a market capitalization of $6.73 billion, a PE ratio of -60.32, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $57.50.

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

Insider Activity

In other Fluor news, insider Kevin B. Hammonds sold 2,988 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $52.61, for a total value of $157,198.68. Following the completion of the sale, the insider owned 16,273 shares in the company, valued at approximately $856,122.53. This represents a 15.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony Morgan sold 3,387 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $53.09, for a total value of $179,815.83. Following the completion of the transaction, the insider owned 45,999 shares in the company, valued at $2,442,086.91. The trade was a 6.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 22,110 shares of company stock worth $1,168,920. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FLR shares. Robert W. Baird lifted their target price on shares of Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings downgraded Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. DA Davidson upped their price objective on Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, UBS Group restated a “buy” rating and set a $57.00 price target on shares of Fluor in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fluor has a consensus rating of “Moderate Buy” and a consensus price target of $54.33.

Fluor 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.