Empowered Funds LLC Purchases Shares of 87,840 Fluor Corporation $FLR

Empowered Funds LLC purchased a new stake in shares of Fluor Corporation (NYSE:FLRFree Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 87,840 shares of the construction company’s stock, valued at approximately $4,602,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FLR. Seelaus Asset Management LLC grew its position in Fluor by 2.9% during the fourth quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock worth $348,000 after buying an additional 245 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after acquiring an additional 248 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after acquiring an additional 311 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Fluor by 16.4% during the first quarter. Parallel Advisors LLC now owns 2,667 shares of the construction company’s stock worth $124,000 after purchasing an additional 375 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Fluor by 18.7% in the fourth quarter. UMB Bank n.a. now owns 2,438 shares of the construction company’s stock worth $97,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Pierre Edward Bechelany sold 5,000 shares of Fluor stock in a transaction on Friday, August 7th. The shares were sold at an average price of $55.24, for a total value of $276,200.00. Following the transaction, the insider owned 36,064 shares in the company, valued at $1,992,175.36. This trade represents a 12.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FLR has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Fluor from $56.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Fluor from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. UBS Group upped their target price on shares of Fluor from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fluor has an average rating of “Hold” and a consensus target price of $63.33.

Read Our Latest Stock Analysis on Fluor

Fluor Stock Performance

NYSE:FLR opened at $54.51 on Tuesday. Fluor Corporation has a 1-year low of $39.33 and a 1-year high of $57.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.80. The business has a 50 day moving average of $51.59 and a 200 day moving average of $49.29. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of -4.44, a PEG ratio of 1.67 and a beta of 1.25.

Fluor (NYSE:FLRGet Free Report) last posted its quarterly earnings results on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.92 billion. During the same period last year, the firm posted $0.43 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Fluor Corporation will post 2.66 earnings per share for the current fiscal year.

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.

Read More

Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Corporation (NYSE:FLRFree Report).

Institutional Ownership by Quarter for Fluor (NYSE:FLR)

Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.