Meeder Asset Management Inc. Has $749,000 Stake in Fluor Corporation (NYSE:FLR)

Meeder Asset Management Inc. lessened its stake in Fluor Corporation (NYSE:FLR - Free Report) by 47.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,912 shares of the construction company's stock after selling 18,985 shares during the period. Meeder Asset Management Inc.'s holdings in Fluor were worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Hurley Capital LLC acquired a new position in Fluor in the 1st quarter worth $29,000. Sterling Capital Management LLC lifted its holdings in Fluor by 196.2% in the 4th 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. SBI Securities Co. Ltd. lifted its holdings 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. Versant Capital Management Inc lifted its holdings in Fluor by 121.5% in the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock worth $43,000 after buying an additional 666 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock worth $49,000 after buying an additional 701 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird increased their price objective 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. KeyCorp lowered 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 note on Tuesday, July 15th. Truist Financial increased their price objective on shares of Fluor from $47.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. UBS Group restated a "buy" rating and issued a $60.00 target price (up previously from $48.00) on shares of Fluor in a research report on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $54.43.

Insiders Place Their Bets

In related news, Chairman David E. Constable sold 40,800 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman directly owned 870,627 shares in the company, 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 is accessible through this hyperlink. Also, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction 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 owned 64,383 shares in the company, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,320 shares of company stock worth $4,870,182. 1.70% of the stock is owned by corporate insiders.

Fluor Trading Down 27.0%

Shares of NYSE:FLR traded down $15.31 during trading on Friday, hitting $41.46. 25,530,354 shares of the company's stock were exchanged, compared to its average volume of 3,488,555. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $60.10. The firm has a 50-day moving average price of $49.90 and a two-hundred day moving average price of $43.01. 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 firm has a market cap of $6.83 billion, a P/E ratio of 3.98, a PEG ratio of 2.69 and a beta of 1.34.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The business'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. Equities analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

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.