Fluor Corporation (NYSE:FLR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in Fluor Corporation (NYSE:FLR) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,159,858 shares of the construction company’s stock after selling 538,262 shares during the period. Vanguard Group Inc. owned approximately 10.42% of Fluor worth $614,666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FLR. Hurley Capital LLC acquired a new position in shares of Fluor in the 1st quarter valued at about $29,000. Sterling Capital Management LLC raised its holdings in shares of Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares during the period. Strategic Investment Solutions Inc. IL raised its holdings in shares of Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after buying an additional 800 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Fluor by 222.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock valued at $39,000 after buying an additional 760 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock valued at $43,000 after buying an additional 666 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of Fluor stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the completion of the transaction, the chairman owned 870,627 shares in the company, valued at approximately $42,660,723. This trade represents a 4.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the transaction, the insider owned 64,383 shares of the company’s stock, 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 quarter, insiders sold 98,320 shares of company stock valued at $4,870,182. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

FLR has been the topic of several analyst reports. Robert W. Baird dropped their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Citigroup dropped their target price on Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Wall Street Zen downgraded Fluor from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Truist Financial set a $52.00 target price on Fluor in a report on Monday, August 4th. Finally, KeyCorp lowered Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price objective for the company. in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued 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 price target of $49.57.

Fluor Price Performance

Shares of NYSE FLR opened at $42.64 on Thursday. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The business has a 50 day moving average price of $49.92 and a two-hundred day moving average price of $42.42. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. The firm has a market cap of $6.89 billion, a PE ratio of 1.76 and a beta of 1.43.

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