Fluor Corporation (NYSE:FLR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in Fluor Corporation (NYSE:FLR - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,459 shares of the construction company's stock after selling 8,408 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of Fluor worth $3,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its holdings in shares of Fluor by 10.7% during the first quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company's stock worth $6,885,000 after buying an additional 18,603 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Fluor by 104.6% during 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 Fluor in the 4th quarter valued at about $1,131,000. LPL Financial LLC lifted its stake in Fluor by 19.3% in the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after purchasing an additional 19,161 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings 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 purchasing an additional 6,720 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLR has been the subject of a number of research analyst reports. KeyCorp cut Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price for the company. in a report on Tuesday, July 15th. Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. UBS Group restated a "buy" rating and set a $60.00 price target (up previously from $48.00) on shares of Fluor in a research note on Tuesday, June 24th. Truist Financial boosted their price target on Fluor from $47.00 to $59.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Robert W. Baird raised their target price on shares of Fluor from $41.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $50.86.

Insider Buying and Selling at Fluor

In other news, Chairman David E. Constable sold 38,600 shares of the firm'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 transaction of $2,011,446.00. Following the transaction, the chairman directly owned 792,027 shares of the company's stock, valued at approximately $41,272,526.97. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were 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 approximately $2,924,919.69. The trade was a 22.71% 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 ninety days. Insiders own 1.70% of the company's stock.

Fluor Stock Up 0.0%

FLR opened at $54.04 on Wednesday. The business has a 50 day moving average of $46.76 and a 200-day moving average of $42.55. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 5.18, a P/E/G ratio of 2.59 and a beta of 1.34. 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 earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, beating 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 company had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. During the same period last year, the firm earned $0.47 EPS. The business's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current year.

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.

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