Teachers Retirement System of The State of Kentucky Trims Stake in Fluor Corporation $FLR

Teachers Retirement System of The State of Kentucky lessened its position in Fluor Corporation (NYSE:FLR - Free Report) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,103 shares of the construction company's stock after selling 33,047 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Fluor were worth $2,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Fluor by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company's stock valued at $174,077,000 after buying an additional 328,122 shares during the period. SG Americas Securities LLC raised its holdings in shares of Fluor by 472.4% in the 3rd quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company's stock valued at $5,163,000 after buying an additional 101,288 shares during the period. Pacific Heights Asset Management LLC raised its holdings in shares of Fluor by 35.4% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company's stock valued at $13,673,000 after buying an additional 85,000 shares during the period. Quadrant Private Wealth Management LLC acquired a new position in Fluor during the 3rd quarter worth $3,475,000. Finally, Goodman Financial Corp acquired a new position in Fluor during the 4th quarter worth $7,610,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Activity

In other Fluor news, insider Kevin B. Hammonds sold 2,988 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $52.61, for a total transaction of $157,198.68. Following the transaction, the insider owned 16,273 shares of the company's stock, valued at $856,122.53. This represents a 15.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark E. Fields sold 5,178 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $52.36, for a total value of $271,120.08. Following the transaction, the insider directly owned 194,514 shares in the company, valued at approximately $10,184,753.04. This represents a 2.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,110 shares of company stock worth $1,168,920 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on FLR. Truist Financial boosted their target price on Fluor from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Weiss Ratings cut Fluor from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, February 17th. Wall Street Zen raised Fluor from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Zacks Research cut Fluor from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. Finally, Robert W. Baird upped their price objective on Fluor from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $54.33.

Fluor Stock Performance

Shares of FLR stock opened at $50.51 on Wednesday. The company has a market cap of $7.23 billion, a price-to-earnings ratio of -64.76, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. The stock has a 50 day simple moving average of $48.01 and a 200-day simple moving average of $45.80. Fluor Corporation has a 12-month low of $33.82 and a 12-month high of $57.50. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, equities analysts forecast that Fluor Corporation will post 2.75 EPS for the current year.

Fluor Profile

Fluor Corporation NYSE: FLR is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company's core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor's diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Corporation (NYSE:FLR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.