Victory Capital Management Inc. Sells 499,514 Shares of Fluor Co. (NYSE:FLR)

Victory Capital Management Inc. trimmed its holdings in shares of Fluor Co. (NYSE:FLR – Get Rating) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 539,170 shares of the construction company’s stock after selling 499,514 shares during the quarter. Victory Capital Management Inc. owned approximately 0.38% of Fluor worth $18,752,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FLR. SummerHaven Investment Management LLC lifted its holdings in Fluor by 1.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 32,628 shares of the construction company’s stock valued at $1,131,000 after purchasing an additional 336 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Fluor by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 37,605 shares of the construction company’s stock valued at $936,000 after purchasing an additional 349 shares in the last quarter. Creative Planning raised its stake in Fluor by 1.8% during the third quarter. Creative Planning now owns 21,131 shares of the construction company’s stock valued at $526,000 after purchasing an additional 369 shares in the last quarter. Towle & Co raised its stake in Fluor by 1.5% during the third quarter. Towle & Co now owns 26,130 shares of the construction company’s stock valued at $650,000 after purchasing an additional 390 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Fluor by 1.1% during the fourth quarter. State of Michigan Retirement System now owns 36,197 shares of the construction company’s stock valued at $1,255,000 after purchasing an additional 400 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FLR has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of Fluor in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Credit Suisse Group boosted their price objective on shares of Fluor from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 22nd. Finally, Robert W. Baird cut their price objective on shares of Fluor from $43.00 to $40.00 in a research report on Monday, May 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.86.

Insiders Place Their Bets

In other Fluor news, insider James R. Breuer sold 4,000 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $37.81, for a total transaction of $151,240.00. Following the transaction, the insider now directly owns 41,742 shares in the company, valued at approximately $1,578,265.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Fluor Trading Up 0.8 %

NYSE FLR opened at $27.99 on Tuesday. The company’s 50-day moving average price is $29.06 and its 200-day moving average price is $32.88. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.01 billion, a PE ratio of -75.65, a PEG ratio of 0.32 and a beta of 2.27. Fluor Co. has a 12 month low of $21.67 and a 12 month high of $38.20.

Fluor (NYSE:FLR – Get Rating) last issued its earnings results on Friday, May 5th. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Fluor had a positive return on equity of 9.84% and a negative net margin of 0.07%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The firm’s revenue was up 20.2% on a year-over-year basis. Equities research analysts forecast that Fluor Co. will post 1.75 earnings per share for the current year.

Fluor Company Profile

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.