Fluor Corporation (NYSE:FLR) Shares Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC boosted its position in shares of Fluor Corporation (NYSE:FLR - Free Report) by 8.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,000 shares of the construction company's stock after buying an additional 15,000 shares during the period. Pacific Heights Asset Management LLC owned approximately 0.12% of Fluor worth $7,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Fluor during the fourth quarter valued at approximately $3,667,000. Golden State Wealth Management LLC increased its holdings 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 during the period. Cinctive Capital Management LP purchased a new position in Fluor during the 4th quarter worth $1,131,000. LPL Financial LLC increased its holdings in Fluor by 19.3% during the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after purchasing an additional 19,161 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 287 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fluor

In other Fluor 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman David E. Constable sold 40,800 shares of Fluor 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 sale, 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 position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Fluor Stock Up 2.4%

FLR stock traded up $1.24 on Friday, hitting $52.72. 2,263,112 shares of the company's stock were exchanged, compared to its average volume of 2,656,955. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $60.10. The firm has a 50 day moving average price of $43.24 and a two-hundred day moving average price of $42.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $8.68 billion, a P/E ratio of 5.05, a price-to-earnings-growth ratio of 2.53 and a beta of 1.34.

Fluor (NYSE:FLR - Get Free Report) last announced its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share 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 the consensus estimate of $4.27 billion. During the same period in the previous year, the business earned $0.47 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.