Russell Investments Group Ltd. Sells 10,068 Shares of Fluor Corporation $FLR

Key Points

• Russell Investments Group Ltd. reduced its stake in Fluor Corporation by 4.7%, owning 203,767 shares valued at approximately $7.3 million after selling 10,068 shares.
• Analysts have lowered their ratings on Fluor, with Wall Street Zen downgrading it from "hold" to "sell," and several analysts reducing price targets ranging from $41 to $57.
• Fluor's recent earnings showed a loss relative to expectations; the company reported $0.43 earnings per share, missing the estimate of $0.59 and a revenue of $3.98 billion, below the projected $4.55 billion.

Russell Investments Group Ltd. decreased its position in Fluor Corporation (NYSE:FLR - Free Report) by 4.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,767 shares of the construction company's stock after selling 10,068 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of Fluor worth $7,299,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after buying an additional 408 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of Fluor during the 1st quarter valued at $29,000. Strategic Investment Solutions Inc. IL boosted its holdings in Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock worth $32,000 after buying an additional 800 shares during the period. SBI Securities Co. Ltd. increased its stake in Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock worth $39,000 after buying an additional 760 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Fluor by 121.5% during the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock valued at $43,000 after acquiring an additional 666 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Fluor

In related 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 completion of the sale, the insider owned 64,383 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Chairman David E. Constable sold 38,600 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total value of $2,011,446.00. Following the completion of the transaction, the chairman directly owned 792,027 shares in the company, valued at approximately $41,272,526.97. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,320 shares of company stock valued at $4,870,182 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Fluor Trading Up 1.2%

Shares of FLR traded up $0.5090 during mid-day trading on Friday, reaching $41.5490. 3,059,848 shares of the company's stock traded hands, compared to its average volume of 5,544,159. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The stock's 50-day moving average is $49.25 and its two-hundred day moving average is $42.13. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10. The stock has a market cap of $6.72 billion, a P/E ratio of 1.71 and a beta of 1.43.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. Fluor's revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Research analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price objective on the stock. in a research report on Tuesday, July 15th. UBS Group reduced their target price on Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Citigroup dropped their price target on Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Wall Street Zen lowered shares of Fluor from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Truist Financial set a $52.00 price target on shares of Fluor in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.57.

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.