State of Wyoming Sells 17,275 Shares of Fluor Corporation $FLR

State of Wyoming lessened its stake in Fluor Corporation (NYSE:FLR) by 60.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,399 shares of the construction company’s stock after selling 17,275 shares during the quarter. State of Wyoming’s holdings in Fluor were worth $532,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FLR. Global Retirement Partners LLC increased its stake in Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Fluor by 249.0% in the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after buying an additional 483 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Fluor in the fourth quarter worth approximately $27,000. Larson Financial Group LLC grew its holdings in shares of Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Fluor during the fourth quarter valued at approximately $35,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Down 2.1%

FLR opened at $52.16 on Friday. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.69 and a beta of 1.23. The firm has a 50 day moving average price of $49.69 and a 200-day moving average price of $48.05. Fluor Corporation has a twelve month low of $37.62 and a twelve 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.

Fluor (NYSE:FLR) last issued its 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). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Equities research analysts forecast that Fluor Corporation will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FLR shares. Robert W. Baird boosted their price objective on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Citigroup cut their target price on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research downgraded Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Truist Financial increased their price objective on Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.20.

About Fluor

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.