New York State Teachers Retirement System Sells 29,936 Shares of Fluor Corporation $FLR

New York State Teachers Retirement System trimmed its stake in Fluor Corporation (NYSE:FLR – Free Report) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,591 shares of the construction company’s stock after selling 29,936 shares during the period. New York State Teachers Retirement System owned 0.11% of Fluor worth $7,352,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Global Retirement Partners LLC lifted its holdings in Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after buying an additional 311 shares during the period. Assetmark Inc. grew its holdings in shares of Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after acquiring an additional 483 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Fluor in the 4th quarter worth approximately $27,000. Larson Financial Group LLC raised its position in shares of Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after acquiring an additional 734 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Fluor during the fourth quarter valued at approximately $35,000. Institutional investors own 88.07% of the company’s stock.

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Fluor Stock Down 5.8%

Shares of NYSE FLR traded down $3.01 during trading on Tuesday, reaching $48.45. The company had a trading volume of 340,214 shares, compared to its average volume of 2,754,538. Fluor Corporation has a 12-month low of $37.62 and a 12-month high of $57.50. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average is $49.15 and its 200 day moving average is $47.13. The stock has a market cap of $6.77 billion, a PE ratio of 28.24, a P/E/G ratio of 1.57 and a beta of 1.23.

Fluor (NYSE:FLR – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.52). The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.Fluor’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. As a group, equities analysts forecast that Fluor Corporation will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FLR shares. Robert W. Baird upped their price target on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup reduced their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Truist Financial increased their price target on shares of Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, Zacks Research lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.50.

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Fluor Profile

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Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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