Venturi Wealth Management LLC Purchases 1,388 Shares of Fluor Co. (NYSE:FLR)

Venturi Wealth Management LLC grew its position in Fluor Co. (NYSE:FLR) by 826.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,556 shares of the construction company’s stock after purchasing an additional 1,388 shares during the quarter. Venturi Wealth Management LLC’s holdings in Fluor were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock valued at $190,953,000 after purchasing an additional 51,018 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after acquiring an additional 457,220 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Fluor by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after acquiring an additional 9,789 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after acquiring an additional 412,312 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of Fluor by 13.1% in the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after acquiring an additional 120,800 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Down 1.6 %

Shares of NYSE:FLR opened at $37.12 on Tuesday. Fluor Co. has a 52 week low of $35.21 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The company’s fifty day moving average is $48.31 and its 200-day moving average is $49.98. The company has a market capitalization of $6.27 billion, a PE ratio of 3.05, a P/E/G ratio of 1.36 and a beta of 1.89.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Equities research analysts predict that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. DA Davidson lowered their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Citigroup lowered their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and an average target price of $55.43.

Fluor 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.