Mutual of America Capital Management LLC Has $4.27 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Mutual of America Capital Management LLC trimmed its stake in shares of Fluor Co. (NYSE:FLR) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,015 shares of the construction company’s stock after selling 3,492 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Fluor worth $4,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of Fluor by 7.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 794,174 shares of the construction company’s stock valued at $31,108,000 after purchasing an additional 53,398 shares during the last quarter. Hennessy Advisors Inc. boosted its position in Fluor by 18.0% during the first quarter. Hennessy Advisors Inc. now owns 810,700 shares of the construction company’s stock worth $34,276,000 after purchasing an additional 123,500 shares during the period. Diversified Trust Co bought a new position in Fluor during the first quarter worth about $1,368,000. Janus Henderson Group PLC boosted its position in shares of Fluor by 20.3% in the first quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company’s stock valued at $3,311,000 after acquiring an additional 13,203 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Fluor by 230.5% in the second quarter. Harbor Capital Advisors Inc. now owns 59,403 shares of the construction company’s stock valued at $2,587,000 after acquiring an additional 41,428 shares during the period. 88.07% of the stock is owned by institutional investors.

Fluor Stock Down 0.5 %

Shares of FLR opened at $47.19 on Monday. The company has a market cap of $8.08 billion, a PE ratio of 27.44, a P/E/G ratio of 1.91 and a beta of 1.91. The business has a fifty day moving average of $47.70 and a 200 day moving average of $43.75. Fluor Co. has a 52-week low of $32.31 and a 52-week high of $51.64. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.17. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Fluor Co. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FLR shares. DA Davidson raised their target price on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 5th. KeyCorp raised shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price on the stock in a research note on Wednesday, July 17th. Truist Financial lifted their price target on shares of Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays lifted their price target on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Robert W. Baird boosted their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Insider Activity at Fluor

In other Fluor news, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 55,965 shares of the company’s stock, valued at $2,703,669.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by 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.