Fluor Co. (NYSE:FLR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in Fluor Co. (NYSE:FLR) by 33.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 95,845 shares of the construction company’s stock after selling 47,514 shares during the quarter. New York State Common Retirement Fund’s holdings in Fluor were worth $3,754,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in shares of Fluor in the 4th quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Fluor in the 4th quarter valued at about $34,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Fluor in the 4th quarter valued at about $36,000. Carmel Capital Partners LLC purchased a new position in shares of Fluor in the 3rd quarter valued at about $37,000. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Fluor by 7,142.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,014 shares of the construction company’s stock valued at $40,000 after buying an additional 1,000 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup boosted their target price on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. KeyCorp assumed coverage on Fluor in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Truist Financial restated a “buy” rating and set a $46.00 target price on shares of Fluor in a research note on Monday, March 25th. Finally, TheStreet lowered Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Fluor currently has an average rating of “Hold” and a consensus price target of $43.17.

Fluor Stock Down 5.7 %

FLR opened at $38.90 on Monday. The business’s fifty day moving average is $39.73 and its two-hundred day moving average is $38.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.08 and a beta of 2.11. Fluor Co. has a one year low of $25.69 and a one year high of $43.24.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Analysts anticipate that Fluor Co. will post 2.84 EPS for the current fiscal year.

Fluor 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.