Fluor Corporation (NYSE:FLR) Stake Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in Fluor Corporation (NYSE:FLR) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,167 shares of the construction company’s stock after purchasing an additional 359 shares during the period. Nisa Investment Advisors LLC’s holdings in Fluor were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Fluor by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock valued at $872,871,000 after purchasing an additional 168,822 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Fluor by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock worth $152,596,000 after acquiring an additional 107,327 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Fluor by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock worth $124,087,000 after acquiring an additional 25,528 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Fluor by 12.9% during the fourth quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock worth $117,971,000 after acquiring an additional 273,156 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company’s stock worth $97,954,000 after acquiring an additional 1,523,647 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of several recent research reports. Truist Financial increased their price objective on Fluor from $47.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. KeyCorp lowered Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price objective for the company. in a report on Tuesday. Robert W. Baird increased their price objective on Fluor from $41.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen downgraded shares of Fluor from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, UBS Group reissued a “buy” rating and set a $60.00 target price (up 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.86.

Fluor Trading Up 1.1%

Fluor stock opened at $53.53 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 5.13, a PEG ratio of 2.54 and a beta of 1.34. Fluor Corporation has a one year low of $29.20 and a one year high of $60.10. The company’s fifty day moving average price is $46.01 and its two-hundred day moving average price is $42.57.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.23. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a return on equity of 14.59% and a net margin of 11.13%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. On average, analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In related news, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the sale, the insider directly owned 64,383 shares of the company’s stock, valued at $2,924,919.69. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David E. Constable sold 38,600 shares of Fluor stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total value of $2,011,446.00. Following the sale, the chairman directly owned 792,027 shares in the company, valued at approximately $41,272,526.97. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,320 shares of company stock worth $4,870,182. 1.70% of the stock is owned by company insiders.

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.