Fluor Corporation (NYSE:FLR) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,218 shares of the construction company's stock after acquiring an additional 18,603 shares during the period. New York State Teachers Retirement System owned 0.11% of Fluor worth $6,885,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after acquiring an additional 408 shares during the period. Smartleaf Asset Management LLC increased its position in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Fluor during the 4th quarter worth approximately $57,000. Versant Capital Management Inc increased its position in Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock worth $43,000 after purchasing an additional 666 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position 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 worth $49,000 after purchasing an additional 701 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FLR has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Robert W. Baird set a $41.00 price objective on shares of Fluor in a research report on Monday, May 5th. UBS Group reaffirmed a "buy" rating and issued a $60.00 price objective (up previously from $48.00) on shares of Fluor in a research report on Tuesday, June 24th. Citigroup lowered their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, KeyCorp lowered their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $48.86.

Fluor Stock Performance

FLR traded down $0.80 during trading hours on Tuesday, hitting $51.39. 1,189,726 shares of the stock were exchanged, compared to its average volume of 2,651,099. The stock has a 50-day simple moving average of $43.58 and a 200-day simple moving average of $42.36. 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 $8.46 billion, a price-to-earnings ratio of 4.93, a price-to-earnings-growth ratio of 2.53 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same period last year, the business posted $0.47 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current year.

Insiders Place Their Bets

In other Fluor news, Chairman David E. Constable sold 38,600 shares of the firm'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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alvin C. Collins III sold 18,920 shares of the firm's stock in a transaction on Monday, June 9th. The shares were 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 $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,320 shares of company stock worth $4,870,182 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Fluor 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.