WINTON GROUP Ltd Sells 156,139 Shares of Fluor Corporation $FLR

Key Points

• WINTON GROUP Ltd cut its Fluor stake by 86.9% in the second quarter, selling 156,139 shares and retaining 23,475 shares valued at approximately $1.23 million. Institutional investors collectively own 88.07% of Fluor.
• Fluor exceeded quarterly expectations, reporting $0.91 in EPS versus the $0.70 consensus and $4.33 billion in revenue, up 8.8% year over year. Analysts’ average rating remains “Hold,” with an average price target of $63.33.
• Insider Pierre Bechelany sold 5,000 shares worth $276,200 under a pre-arranged Rule 10b5-1 plan, while Fluor shares opened at $54.09 and recently traded within a $39.33–$58.35 one-year range.

WINTON GROUP Ltd lowered its holdings in shares of Fluor Corporation (NYSE:FLR - Free Report) by 86.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,475 shares of the construction company's stock after selling 156,139 shares during the period. WINTON GROUP Ltd's holdings in Fluor were worth $1,230,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FLR. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company's stock worth $194,000 after acquiring an additional 248 shares during the period. Global Retirement Partners LLC increased its position in Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company's stock valued at $26,000 after purchasing an additional 311 shares during the period. HB Wealth Management LLC raised its holdings in Fluor by 7.2% during the 2nd quarter. HB Wealth Management LLC now owns 5,191 shares of the construction company's stock worth $272,000 after purchasing an additional 348 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Fluor by 16.4% in the 1st quarter. Parallel Advisors LLC now owns 2,667 shares of the construction company's stock valued at $124,000 after purchasing an additional 375 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Fluor by 18.7% during the fourth quarter. UMB Bank n.a. now owns 2,438 shares of the construction company's stock worth $97,000 after buying an additional 384 shares during the period. Institutional investors own 88.07% of the company's stock.

Insider Activity

In other news, insider Pierre Bechelany sold 5,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.24, for a total value of $276,200.00. Following the completion of the sale, the insider owned 36,064 shares in the company, valued at $1,992,175.36. This represents a 12.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by insiders.

Fluor Stock Down 0.2%

Shares of NYSE FLR opened at $54.09 on Monday. Fluor Corporation has a 1 year low of $39.33 and a 1 year high of $58.35. The stock has a market capitalization of $7.23 billion, a P/E ratio of -4.40, a P/E/G ratio of 1.71 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.80. The company has a 50-day moving average price of $52.25 and a 200-day moving average price of $49.72.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.92 billion. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%.The company's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. On average, equities research analysts forecast that Fluor Corporation will post 2.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLR has been the topic of several recent analyst reports. Truist Financial restated a "buy" rating and issued a $71.00 target price (up from $64.00) on shares of Fluor in a report on Monday, August 10th. Weiss Ratings lowered Fluor from a "hold (c)" rating to a "sell (d)" rating in a research report on Friday, August 21st. Robert W. Baird boosted their price objective on Fluor from $49.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Wall Street Zen upgraded Fluor from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Zacks Research upgraded Fluor from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $63.33.

Fluor Company Profile

Fluor Corporation NYSE: FLR is a global engineering, procurement, construction and project management company. It provides design and construction services, program management, operations and maintenance, and other professional services for complex capital projects. Fluor serves clients in areas including energy, chemicals and petrochemicals, advanced technologies, infrastructure, mining and metals, and government and defense.

The company delivers projects across the full development cycle, from front-end engineering and design through procurement, construction, commissioning and ongoing operations.

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