47,233 Shares in Fluor Corporation $FLR Bought by Glenview Trust Co

Glenview Trust Co acquired a new stake in Fluor Corporation (NYSE:FLR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 47,233 shares of the construction company’s stock, valued at approximately $2,475,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in shares of Fluor during the second quarter worth about $25,000. Los Angeles Capital Management LLC acquired a new stake in Fluor in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC lifted its stake in Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after acquiring an additional 734 shares in the last quarter. Ancora Advisors LLC acquired a new position in Fluor during the 2nd quarter worth approximately $31,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Fluor in the fourth quarter valued at approximately $35,000. Institutional investors own 88.07% of the company’s stock.

Insider Activity

In related news, insider Pierre Edward Bechelany sold 5,000 shares of Fluor stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.24, for a total transaction of $276,200.00. Following the completion of the sale, the insider 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

FLR has been the subject of several recent research reports. Wall Street Zen upgraded shares of Fluor from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. UBS Group increased their price objective 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. Weiss Ratings downgraded Fluor from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Finally, Citigroup upped their target price on Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Four 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.33.

Fluor Price Performance

Shares of NYSE FLR opened at $53.35 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average price is $51.59 and its two-hundred day moving average price is $49.24. The company has a market cap of $7.14 billion, a PE ratio of -4.34, a price-to-earnings-growth ratio of 1.70 and a beta of 1.25. Fluor Corporation has a twelve month low of $39.33 and a twelve month high of $57.93.

Fluor (NYSE:FLR) last issued its 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 positive return on equity of 8.82% and a negative net margin of 12.85%.The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts predict that Fluor Corporation will post 2.66 EPS for the current year.

Fluor Company 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.