Teachers Retirement System of The State of Kentucky Sells 14,975 Shares of Fluor Co. (NYSE:FLR)

Teachers Retirement System of The State of Kentucky lessened its holdings in Fluor Co. (NYSE:FLR - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 104,867 shares of the construction company's stock after selling 14,975 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of Fluor worth $5,172,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FLR. Cornerstone Wealth Management LLC purchased a new position in shares of Fluor during the 4th quarter worth $484,000. Quantbot Technologies LP bought a new stake in Fluor during the fourth quarter valued at about $3,667,000. Exchange Traded Concepts LLC increased its position in Fluor by 291.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after buying an additional 32,472 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Fluor in the fourth quarter worth about $1,131,000. Finally, LPL Financial LLC lifted its position in shares of Fluor by 19.3% during the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock valued at $5,852,000 after buying an additional 19,161 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Up 2.6 %

Shares of FLR opened at $33.87 on Wednesday. The business's 50 day simple moving average is $36.13 and its 200-day simple moving average is $46.34. Fluor Co. has a 1 year low of $29.20 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 2.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) 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 business had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. As a group, equities analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Truist Financial lowered their target price on shares of Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. DA Davidson lowered their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, Robert W. Baird decreased their target price on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.43.

Fluor Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.