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

New York State Common Retirement Fund decreased its stake in Fluor Co. (NYSE:FLR) by 8.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc boosted its position in shares of Fluor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after purchasing an additional 176 shares during the period. GAMMA Investing LLC lifted its stake in Fluor by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after acquiring an additional 213 shares in the last quarter. Seelaus Asset Management LLC lifted its stake in Fluor by 3.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after acquiring an additional 230 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Fluor by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock worth $533,000 after acquiring an additional 241 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Fluor by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company’s stock worth $286,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FLR. Citigroup reduced their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. KeyCorp increased their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Truist Financial cut their price target on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, DA Davidson cut their price target on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Stock Up 1.8 %

Shares of FLR stock opened at $38.00 on Friday. The stock’s 50 day simple moving average is $47.23 and its 200 day simple moving average is $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 twelve month low of $36.00 and a twelve month high of $60.10. The company has a market capitalization 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 for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. As a group, research analysts predict that Fluor Co. will post 2.5 EPS for the current year.

Insider Activity at Fluor

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This trade represents a 5.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by company 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.