Fluor Corporation (NYSE:FLR) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 37.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,879,761 shares of the construction company's stock after selling 1,111,824 shares during the quarter. Brown Advisory Inc. owned approximately 1.12% of Fluor worth $67,333,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Fluor by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock valued at $872,871,000 after purchasing an additional 168,822 shares during the last quarter. Alliancebernstein L.P. raised its position in Fluor by 3.6% in the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock valued at $152,596,000 after purchasing an additional 107,327 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Fluor by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock valued at $124,087,000 after purchasing an additional 25,528 shares in the last quarter. Northern Trust Corp raised its position in Fluor by 12.9% in the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock valued at $117,971,000 after purchasing an additional 273,156 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock worth $97,954,000 after purchasing an additional 1,523,647 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Trading Up 0.4%

NYSE FLR traded up $0.22 during trading hours on Friday, hitting $52.26. 2,404,595 shares of the company's stock were exchanged, compared to its average volume of 2,678,396. The business's 50 day moving average is $44.90 and its 200-day moving average is $42.45. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $60.10. The firm has a market capitalization of $8.61 billion, a P/E ratio of 5.01, a price-to-earnings-growth ratio of 2.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.74.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 14.59% and a net margin of 11.13%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the business posted $0.47 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts anticipate that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Insider Activity

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the company's 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 sale, the insider directly owned 64,383 shares in the company, valued at $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the sale, the chairman owned 870,627 shares of the company's stock, valued at $42,660,723. This represents a 4.48% decrease in their ownership of the stock. 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. 1.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FLR. Truist Financial boosted their target price on Fluor from $47.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. UBS Group reissued a "buy" rating and issued a $60.00 target price (up previously from $48.00) on shares of Fluor in a report on Tuesday, June 24th. KeyCorp dropped their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Citigroup dropped their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Wall Street Zen downgraded Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and an average target price of $50.86.

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.