New York State Common Retirement Fund Has $3.91 Million Stock Position in Fluor Co. (NYSE:FLR)

New York State Common Retirement Fund lessened its position in shares of Fluor Co. (NYSE:FLR) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,238 shares of the construction company’s stock after selling 6,910 shares during the quarter. New York State Common Retirement Fund’s holdings in Fluor were worth $3,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after purchasing an additional 527 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Fluor during the 4th quarter worth approximately $33,000. Quarry LP grew its holdings in shares of Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after purchasing an additional 942 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Fluor by 826.2% during the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock worth $77,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Fluor during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FLR shares. DA Davidson decreased their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Truist Financial cut their target price on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird cut their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Barclays set a $40.00 target price on Fluor and gave the stock an “equal weight” rating in a research report on Thursday. Finally, KeyCorp raised their target price on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Insider Buying and Selling at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the sale, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Fluor Trading Up 1.8 %

Shares of FLR opened at $38.00 on Friday. The stock has a fifty day moving average price of $47.23 and a two-hundred day moving average price of $49.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a 52-week low of $36.00 and a 52-week high of $60.10. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 3.12, a PEG ratio of 1.36 and a beta of 1.89.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

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.