New England Research & Management Inc. Acquires Shares of 20,650 Fluor Corporation (NYSE:FLR)

New England Research & Management Inc. purchased a new position in shares of Fluor Corporation (NYSE:FLR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,650 shares of the construction company's stock, valued at approximately $740,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its holdings in shares of 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. Smartleaf Asset Management LLC lifted its stake in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Fluor during the 4th quarter valued at $57,000. Versant Capital Management Inc increased its position in Fluor by 121.5% during the first 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, Venturi Wealth Management LLC raised its holdings in shares of Fluor by 826.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock worth $77,000 after acquiring an additional 1,388 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Alvin C. Collins III sold 18,920 shares of Fluor 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 sale, the insider now directly owns 64,383 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total value of $1,999,200.00. Following the completion of the transaction, the chairman now directly owns 870,627 shares of the company's stock, valued at $42,660,723. This represents a 4.48% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FLR shares. Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. DA Davidson decreased their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. UBS Group cut their price objective on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. KeyCorp decreased their target price on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Finally, Robert W. Baird set a $41.00 target price on shares of Fluor in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Fluor presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

Fluor Trading Down 1.7%

NYSE:FLR traded down $0.88 on Tuesday, hitting $49.96. 5,046,007 shares of the stock were exchanged, compared to its average volume of 2,546,673. The stock has a market cap of $8.23 billion, a PE ratio of 4.79, a PEG ratio of 2.44 and a beta of 1.30. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. 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 fifty day moving average of $38.87 and a 200-day moving average of $42.75.

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