Fluor Co. (NYSE:FLR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its stake in Fluor Co. (NYSE:FLR) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,013 shares of the construction company’s stock after selling 2,300 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.07% of Fluor worth $4,780,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in Fluor during the 4th quarter worth $27,000. BKM Wealth Management LLC acquired a new stake in Fluor during the 4th quarter worth $34,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Fluor during the 4th quarter worth $34,000. Tennessee Valley Asset Management Partners acquired a new stake in Fluor during the 4th quarter worth $36,000. Finally, Spire Wealth Management boosted its stake in Fluor by 59.2% during the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock worth $37,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of FLR opened at $45.03 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $41.06 and a 200-day simple moving average of $39.60. Fluor Co. has a 52-week low of $27.95 and a 52-week high of $45.60. The company has a market capitalization of $7.71 billion, a PE ratio of 26.18, a P/E/G ratio of 2.43 and a beta of 2.03.

Fluor (NYSE:FLR) last posted its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the business posted $0.28 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Fluor Co. will post 2.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the subject of several recent analyst reports. TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Truist Financial restated a “buy” rating and issued a $47.00 target price (up previously from $46.00) on shares of Fluor in a research note on Monday, May 6th. Citigroup raised their target price on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, Robert W. Baird raised their target price on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.00.

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.