Ruffer LLP Invests $236,000 in Fluor Corporation (NYSE:FLR)

Ruffer LLP bought a new stake in shares of Fluor Corporation (NYSE:FLR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,577 shares of the construction company's stock, valued at approximately $236,000.

Other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in Fluor during the first quarter valued at about $29,000. Sterling Capital Management LLC boosted its position in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after buying an additional 408 shares during the period. Strategic Investment Solutions Inc. IL boosted its position in Fluor by 800.0% during the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock valued at $32,000 after buying an additional 800 shares during the period. SBI Securities Co. Ltd. boosted its position in Fluor by 222.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock valued at $39,000 after buying an additional 760 shares during the period. Finally, Versant Capital Management Inc boosted its position in Fluor by 121.5% during the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company's stock valued at $43,000 after buying an additional 666 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Buying and Selling at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the completion of the transaction, the chairman owned 870,627 shares in the company, valued at $42,660,723. This trade represents a 4.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following 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 disclosure for this sale can be found here. Insiders sold a total of 98,320 shares of company stock valued at $4,870,182 in the last ninety days. 1.70% of the stock is currently owned by insiders.

Fluor Stock Performance

NYSE:FLR traded up $1.26 during trading hours on Tuesday, reaching $41.25. The company had a trading volume of 5,470,111 shares, compared to its average volume of 4,287,100. The firm's 50 day moving average price is $49.89 and its 200-day moving average price is $42.80. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 1.70, a PEG ratio of 2.41 and a beta of 1.43. Fluor Corporation has a 52 week low of $29.20 and a 52 week high of $60.10. The company has a current ratio of 1.62, a quick ratio of 1.74 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.16). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%. The company's quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. On average, analysts forecast that Fluor Corporation will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird dropped their target price on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a report on Monday. Citigroup decreased their target price on shares of Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a research note on Monday. Wall Street Zen downgraded shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. KeyCorp downgraded 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 set a $60.00 price target (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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $51.14.

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.