New Age Alpha Advisors LLC Takes $46,000 Position in Fluor Corporation (NYSE:FLR)

New Age Alpha Advisors LLC acquired a new stake in Fluor Corporation (NYSE:FLR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,298 shares of the construction company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FLR. Alyeska Investment Group L.P. grew its holdings in Fluor by 329.5% during the 4th 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 during the period. Pacer Advisors Inc. lifted its position in Fluor by 4,097.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company’s stock valued at $47,723,000 after acquiring an additional 1,300,568 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Fluor by 10,125.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company’s stock worth $52,129,000 after buying an additional 1,046,610 shares in the last quarter. Hood River Capital Management LLC lifted its position in shares of Fluor by 58.4% during the 4th quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company’s stock worth $96,285,000 after buying an additional 719,583 shares in the last quarter. Finally, Yaupon Capital Management LP bought a new position in shares of Fluor during the 4th quarter worth approximately $26,353,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fluor

In other news, Chairman David E. Constable sold 38,600 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the sale, the chairman owned 792,027 shares in the company, valued at $41,272,526.97. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the sale, the insider owned 64,383 shares in the company, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,320 shares of company stock worth $4,870,182. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Shares of NYSE:FLR opened at $41.65 on Tuesday. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 1.72 and a beta of 1.43. The company has a 50-day moving average price of $49.93 and a 200-day moving average price of $42.42. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. Fluor Corporation has a 12 month low of $29.20 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.16). The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities analysts anticipate that Fluor Corporation will post 2.5 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on FLR. Robert W. Baird lowered their price target on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Citigroup reduced their price target on shares of Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Wall Street Zen lowered shares of Fluor from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group dropped their price objective on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, Truist Financial set a $52.00 price target on shares of Fluor in a research note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Fluor presently has a consensus rating of “Hold” and an average price target of $49.57.

About Fluor

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.