Fluor Corporation (NYSE:FLR) Shares Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd lifted its holdings in Fluor Corporation (NYSE:FLR - Free Report) by 140.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,589 shares of the construction company's stock after purchasing an additional 15,536 shares during the quarter. Bayforest Capital Ltd's holdings in Fluor were worth $952,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FLR. American Century Companies Inc. raised its stake in Fluor by 1.7% in the 4th quarter. American Century Companies Inc. now owns 57,664 shares of the construction company's stock worth $2,844,000 after acquiring an additional 973 shares during the last quarter. LPL Financial LLC raised its stake 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 valued at $5,852,000 after buying an additional 19,161 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Fluor by 13.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 24,549 shares of the construction company's stock valued at $1,211,000 after buying an additional 2,825 shares during the last quarter. Level Four Advisory Services LLC raised its stake in shares of Fluor by 52.3% during the 4th quarter. Level Four Advisory Services LLC now owns 8,105 shares of the construction company's stock valued at $400,000 after buying an additional 2,785 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new position in shares of Fluor during the 4th quarter valued at about $25,056,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the sale, the insider owned 64,383 shares of the company's stock, valued at $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman David E. Constable sold 38,600 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total value of $2,011,446.00. Following the completion of the sale, the chairman directly owned 792,027 shares in the company, valued at approximately $41,272,526.97. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,320 shares of company stock worth $4,870,182. 1.70% of the stock is owned by corporate insiders.

Fluor Price Performance

Shares of Fluor stock traded down $15.31 on Friday, hitting $41.46. 25,530,354 shares of the company were exchanged, compared to its average volume of 3,488,555. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 3.98, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $49.90 and a 200 day moving average price of $43.01. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $60.10.

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 firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.55 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. As a group, sell-side analysts predict that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FLR has been the subject of a number of recent research reports. Wall Street Zen lowered Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Citigroup restated a "buy" rating and issued a $71.00 price target (up previously from $47.00) on shares of Fluor in a research note on Monday. KeyCorp lowered Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a research note on Tuesday, July 15th. Robert W. Baird lifted their price target on Fluor from $41.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, UBS Group reiterated a "buy" rating and issued a $60.00 price objective (up from $48.00) on shares of Fluor in a report on Tuesday, June 24th. Five investment 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 presently has an average rating of "Hold" and an average price target of $54.43.

Fluor Company 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.