New York State Common Retirement Fund Has $1.89 Million Position in Fluor Corporation (NYSE:FLR)

New York State Common Retirement Fund lowered its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 33.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,888 shares of the construction company's stock after selling 26,350 shares during the period. New York State Common Retirement Fund's holdings in Fluor were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Fluor by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock worth $872,871,000 after buying an additional 168,822 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Fluor by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock worth $152,596,000 after buying an additional 107,327 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fluor by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock worth $124,087,000 after buying an additional 25,528 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock valued at $117,971,000 after purchasing an additional 273,156 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Fluor by 329.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock valued at $97,954,000 after purchasing an additional 1,523,647 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Insiders Place Their Bets

In other news, insider Alvin C. Collins III sold 18,920 shares of the business's stock in a transaction on Monday, June 9th. The stock was 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 of the company's stock, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Constable sold 38,600 shares of the business's stock in a transaction 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 transaction, the chairman directly owned 792,027 shares of the company's stock, valued at $41,272,526.97. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,320 shares of company stock valued at $4,870,182. Corporate insiders own 1.70% of the company's stock.

Fluor Stock Performance

Shares of NYSE FLR traded up $0.99 during midday trading on Friday, hitting $56.61. 2,819,767 shares of the company's stock were exchanged, compared to its average volume of 2,871,179. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.30. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10. The company's 50 day moving average price is $48.44 and its 200 day moving average price is $42.80. The firm has a market capitalization of $9.32 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Citigroup cut their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. KeyCorp lowered Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 target price on the stock. in a research report on Tuesday, July 15th. Robert W. Baird lifted their target price on Fluor from $41.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Finally, UBS Group reissued 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. 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 an average rating of "Hold" and a consensus target price of $50.86.

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.