Charles Schwab Investment Management Inc. Sells 12,914 Shares of Fluor Corporation $FLR

Charles Schwab Investment Management Inc. cut its stake in Fluor Corporation (NYSE:FLR - Free Report) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,089,101 shares of the construction company's stock after selling 12,914 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of Fluor worth $74,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLR. Envestnet Asset Management Inc. raised its stake in Fluor by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 99,684 shares of the construction company's stock valued at $4,916,000 after purchasing an additional 13,104 shares in the last quarter. Renaissance Technologies LLC raised its stake in Fluor by 100.2% in the fourth quarter. Renaissance Technologies LLC now owns 228,600 shares of the construction company's stock valued at $11,275,000 after purchasing an additional 114,400 shares in the last quarter. Advisory Services Network LLC acquired a new position in Fluor in the fourth quarter valued at about $205,000. Sterling Capital Management LLC raised its stake in Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after purchasing an additional 408 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Fluor by 82.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 142,819 shares of the construction company's stock worth $7,044,000 after buying an additional 64,421 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Activity at Fluor

In other Fluor news, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction that occurred on 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 transaction, the chairman directly owned 870,627 shares of the company's stock, valued at approximately $42,660,723. The trade was a 4.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alvin C. Collins III sold 18,920 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the transaction, the insider directly owned 64,383 shares in the company, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,320 shares of company stock worth $4,870,182. Insiders own 1.70% of the company's stock.

Fluor Trading Up 0.8%

Shares of FLR stock traded up $0.32 on Monday, hitting $42.20. The company had a trading volume of 763,363 shares, compared to its average volume of 3,578,246. The firm has a market cap of $6.82 billion, a P/E ratio of 1.74 and a beta of 1.43. The stock's 50-day moving average is $49.84 and its two-hundred day moving average is $42.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.16). Fluor had a net margin of 25.35% and a return on equity of 9.27%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same period in the previous year, the company posted $0.85 EPS. The company's quarterly revenue was down 5.9% on a year-over-year basis. On average, equities research analysts anticipate 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 research analyst reports. Robert W. Baird lowered their price target on Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a report on Monday, August 4th. KeyCorp cut Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a report on Tuesday, July 15th. UBS Group lowered their price target on Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Wall Street Zen cut Fluor from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Truist Financial set a $52.00 target price on Fluor in a report on Monday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $49.57.

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.