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

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

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its position in 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 during the period. Smartleaf Asset Management LLC raised its holdings 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 during the period. 1620 Investment Advisors Inc. acquired a new position in Fluor in the fourth quarter valued at about $57,000. Versant Capital Management Inc boosted its stake 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 during the period. Finally, Golden State Wealth Management LLC increased its position in shares of Fluor by 104.6% during the first 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 during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $41.00 price objective on shares of Fluor in a research report on Monday, May 5th. UBS Group restated a "buy" rating and set a $60.00 price target (up from $48.00) on shares of Fluor in a research report on Tuesday, June 24th. 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. Truist Financial raised their target price on Fluor from $47.00 to $59.00 and gave the company a "buy" rating in a report on Thursday. Finally, KeyCorp cut their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $48.86.

Fluor Stock Down 1.0%

FLR traded down $0.55 on Monday, hitting $52.21. 2,531,074 shares of the company were exchanged, compared to its average volume of 2,656,451. 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 company has a market cap of $8.60 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth ratio of 2.53 and a beta of 1.34. The firm has a 50-day moving average price of $43.24 and a two-hundred day moving average price of $42.34. Fluor Corporation has a twelve month low of $29.20 and a twelve month 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.23. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Insiders Place Their Bets

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the sale, the insider directly owned 64,383 shares in the company, valued at $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the transaction, the chairman directly owned 870,627 shares of the company's stock, valued at approximately $42,660,723. This represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

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.