Atlas Wealth LLC Acquires 5,441 Shares of Fluor Corporation (NYSE:FLR)

Atlas Wealth LLC lifted its holdings in shares of Fluor Corporation (NYSE:FLR - Free Report) by 49.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,429 shares of the construction company's stock after purchasing an additional 5,441 shares during the quarter. Atlas Wealth LLC's holdings in Fluor were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLR. New York State Teachers Retirement System lifted its holdings in shares of Fluor by 10.7% during the 1st quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company's stock worth $6,885,000 after acquiring an additional 18,603 shares during the period. Golden State Wealth Management LLC increased its position in Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock valued at $49,000 after acquiring an additional 701 shares in the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Fluor during the 4th quarter worth approximately $1,131,000. LPL Financial LLC grew its position in shares of Fluor by 19.3% during the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after buying an additional 19,161 shares during the period. Finally, Vontobel Holding Ltd. grew its position in shares of Fluor by 59.6% during the 1st quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company's stock worth $645,000 after buying an additional 6,720 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FLR shares. Citigroup reissued a "buy" rating and set a $71.00 price objective (up previously from $47.00) on shares of Fluor in a research note on Monday. Robert W. Baird increased their target price on shares of Fluor from $41.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. UBS Group reaffirmed a "buy" rating and issued a $60.00 target price (up previously from $48.00) on shares of Fluor in a research report on Tuesday, June 24th. Truist Financial boosted their target price on shares of Fluor from $47.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Wall Street Zen downgraded shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $54.43.

Fluor Stock Performance

Shares of FLR stock traded down $15.31 on Friday, hitting $41.46. The company's stock had a trading volume of 25,535,948 shares, compared to its average volume of 3,488,627. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.74. The stock's 50 day moving average is $49.90 and its 200-day moving average is $43.01. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a market capitalization of $6.83 billion, a PE ratio of 3.98, a PEG ratio of 2.69 and a beta of 1.34.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.16). The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The company's revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. Equities research analysts expect that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In other Fluor news, Chairman David E. Constable sold 38,600 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the sale, the chairman directly owned 792,027 shares in the company, valued at $41,272,526.97. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the completion of the transaction, the insider directly owned 64,383 shares of the company's stock, valued at $2,924,919.69. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,320 shares of company stock worth $4,870,182 over the last quarter. Corporate insiders own 1.70% of the company's stock.

About Fluor

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.