Teachers Retirement System of The State of Kentucky decreased its stake in Fluor Co. (NYSE:FLR – Free Report) 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.
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.
Check Out Our Latest Analysis on FLR
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.
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