Fluor Corporation (NYSE:FLR) Holdings Raised by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly increased its stake in Fluor Corporation, acquiring an additional 1,300,568 shares, resulting in a total holding of 1,332,307 shares worth approximately $47.7 million.
• Insider transactions included Chairman David E. Constable selling 38,600 shares, reducing his ownership by 4.65%, while other insiders have sold a total of 98,320 shares valued at nearly $4.9 million over the past ninety days.
• Fluor's stock has seen varying price targets from analysts, with estimates ranging from $41.00 to $60.00, reflecting differing perspectives on the company's future performance.

Pacer Advisors Inc. lifted its stake in shares of Fluor Corporation (NYSE:FLR - Free Report) by 4,097.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,332,307 shares of the construction company's stock after purchasing an additional 1,300,568 shares during the period. Pacer Advisors Inc. owned approximately 0.79% of Fluor worth $47,723,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in Fluor by 196.2% during the 4th 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. SBI Securities Co. Ltd. lifted its stake in Fluor by 222.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock worth $39,000 after purchasing an additional 760 shares during the last quarter. Versant Capital Management Inc increased its holdings in Fluor by 121.5% in the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock valued at $43,000 after purchasing an additional 666 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Fluor by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock valued at $49,000 after buying an additional 701 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Fluor by 77.8% during the 1st quarter. Parallel Advisors LLC now owns 2,813 shares of the construction company's stock worth $101,000 after buying an additional 1,231 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Down 0.5%

Shares of NYSE FLR traded down $0.27 during mid-day trading on Wednesday, reaching $55.72. The company had a trading volume of 879,288 shares, compared to its average volume of 3,309,732. The stock has a market cap of $9.17 billion, a P/E ratio of 5.34, a PEG ratio of 2.70 and a beta of 1.34. The firm has a 50 day simple moving average of $49.16 and a two-hundred day simple moving average of $42.86. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.50 by $0.23. The company had revenue of $3.98 billion for 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 company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. Sell-side analysts predict that Fluor Corporation will post 2.5 earnings per share for the current year.

Insider Buying and Selling at Fluor

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the transaction, the insider directly owned 64,383 shares in the company, valued at $2,924,919.69. This represents a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of Fluor stock in a transaction on 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 completion of the sale, the chairman directly owned 870,627 shares of the company's stock, valued at $42,660,723. The trade was a 4.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,320 shares of company stock worth $4,870,182. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FLR. Robert W. Baird upped their target price on shares of Fluor from $41.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Truist Financial boosted 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. Citigroup reissued a "buy" rating and set a $71.00 price target (up from $47.00) on shares of Fluor in a report on Monday. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a research report on Tuesday, July 15th. Finally, UBS Group reissued a "buy" rating and issued a $60.00 price objective (up from $48.00) on shares of Fluor in a research note on Tuesday, June 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $54.43.

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.