State of Wyoming Invests $1.36 Million in Fluor Corporation $FLR

State of Wyoming bought a new stake in Fluor Corporation (NYSE:FLR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,917 shares of the construction company’s stock, valued at approximately $1,358,000.

A number of other institutional investors have also recently added to or reduced their stakes in FLR. Global Retirement Partners LLC raised its position in Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares during the period. Assetmark Inc. grew its stake in shares of Fluor by 249.0% in the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Fluor during the 4th quarter valued at about $27,000. Larson Financial Group LLC boosted its holdings in Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after acquiring an additional 734 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in Fluor in the 4th quarter worth approximately $35,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of FLR stock opened at $52.46 on Friday. The firm has a fifty day moving average of $51.14 and a two-hundred day moving average of $48.77. The firm has a market cap of $7.02 billion, a P/E ratio of -4.27, a P/E/G ratio of 1.64 and a beta of 1.25. Fluor Corporation has a 1-year low of $39.33 and a 1-year high of $57.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.78.

Fluor (NYSE:FLR) last issued its earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, research analysts anticipate that Fluor Corporation will post 2.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FLR shares. Citigroup lifted their price objective on shares of Fluor from $56.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Barclays lifted their price target on shares of Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Truist Financial reissued a “buy” rating and issued a $71.00 price objective (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. Finally, UBS Group raised their target price on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.33.

Insider Transactions at Fluor

In other Fluor news, insider Pierre Edward Bechelany sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.24, for a total transaction of $276,200.00. Following the sale, the insider owned 36,064 shares in the company, valued at $1,992,175.36. This represents a 12.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by insiders.

Fluor 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.