Callan Family Office LLC Purchases Shares of 10,876 Fluor Corporation $FLR

by · The Markets Daily

Callan Family Office LLC acquired a new stake in shares of Fluor Corporation (NYSE:FLR – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,876 shares of the construction company’s stock, valued at approximately $570,000.

Several other institutional investors also recently bought and sold shares of FLR. Global Retirement Partners LLC bought a new position in Fluor during the 2nd quarter worth approximately $25,000. Assetmark Inc. lifted its position in Fluor by 249.0% in the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after purchasing an additional 483 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Fluor during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC grew its holdings in shares of Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after purchasing an additional 734 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Fluor in the fourth quarter worth approximately $35,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Stock Up 0.1%

Shares of Fluor stock opened at $51.34 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38. Fluor Corporation has a 12-month low of $39.33 and a 12-month high of $57.93. The company has a market cap of $6.87 billion, a P/E ratio of -4.18, a PEG ratio of 1.61 and a beta of 1.25. The company’s fifty day simple moving average is $51.57 and its two-hundred day simple moving average is $49.11.

Fluor (NYSE:FLR – Get Free Report) last announced its earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts anticipate that Fluor Corporation will post 2.66 EPS for the current year.

Insider Buying and Selling

In other Fluor news, insider Pierre Edward Bechelany sold 5,000 shares of Fluor stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.24, for a total transaction of $276,200.00. Following the sale, the insider directly owned 36,064 shares of the company’s stock, valued at approximately $1,992,175.36. The trade was a 12.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings cut shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday. Citigroup increased their target price on shares of Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Truist Financial reaffirmed a “buy” rating and set a $71.00 price target (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.33.

Get Our Latest Stock Analysis on Fluor

Fluor Company Profile

(Free Report)

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.

Further Reading

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