State of Wyoming Sells 17,275 Shares of Fluor Corporation $FLR

State of Wyoming lowered its stake in Fluor Corporation (NYSE:FLR) by 60.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,399 shares of the construction company’s stock after selling 17,275 shares during the period. State of Wyoming’s holdings in Fluor were worth $532,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Starboard Value LP purchased a new position in Fluor in the 4th quarter worth approximately $205,732,000. AQR Capital Management LLC boosted its stake in shares of Fluor by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock valued at $204,795,000 after purchasing an additional 3,203,712 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Fluor by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock valued at $178,962,000 after purchasing an additional 377,985 shares during the period. Rubric Capital Management LP grew its holdings in shares of Fluor by 12.5% in the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock worth $189,315,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Fluor by 0.6% in the fourth quarter. Morgan Stanley now owns 3,405,733 shares of the construction company’s stock worth $134,969,000 after buying an additional 20,210 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FLR shares. Truist Financial upped their price target on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Citigroup decreased their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Zacks Research downgraded shares of Fluor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Robert W. Baird increased their target price on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $57.20.

Fluor Price Performance

Shares of FLR stock opened at $52.16 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $49.69 and its 200 day moving average is $48.05. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.69 and a beta of 1.23. Fluor Corporation has a twelve month low of $37.62 and a twelve month high of $57.50.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the business earned $0.73 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis. Research analysts expect that Fluor Corporation will post 2.63 EPS for the current fiscal year.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.