Callan Family Office LLC Invests $570,000 in Fluor Corporation $FLR

Callan Family Office LLC acquired a new position in Fluor Corporation (NYSE:FLRFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,876 shares of the construction company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Fluor during the second quarter worth about $25,000. Assetmark Inc. lifted its stake in shares of Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Fluor in the 4th quarter worth approximately $27,000. Larson Financial Group LLC boosted its holdings in Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after buying an additional 734 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in Fluor in the 4th quarter valued at approximately $35,000. 88.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fluor news, insider Pierre Edward Bechelany sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.24, for a total value of $276,200.00. Following the completion of the sale, the insider owned 36,064 shares of the company’s stock, valued at $1,992,175.36. This represents a 12.18% decrease in their ownership of the stock. The sale was disclosed in a filing 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 owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FLR. Citigroup increased their price target on shares of Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Wall Street Zen raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. UBS Group increased their target price on shares of Fluor from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings cut shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a report on Friday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.33.

View Our Latest Report on Fluor

Fluor Trading Up 0.1%

Shares of FLR opened at $51.34 on Wednesday. Fluor Corporation has a 1-year low of $39.33 and a 1-year high of $57.93. The company has a market capitalization of $6.87 billion, a P/E ratio of -4.18, a P/E/G ratio of 1.61 and a beta of 1.25. 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 firm’s 50 day simple moving average is $51.57 and its 200 day simple moving average is $49.11.

Fluor (NYSE:FLRGet Free Report) last posted its quarterly earnings data on Friday, August 7th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. Sell-side analysts forecast 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.

Further Reading

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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