SG Americas Securities LLC Sells 65,641 Shares of Fluor Co. (NYSE:FLR)

SG Americas Securities LLC trimmed its position in Fluor Co. (NYSE:FLRGet Rating) by 78.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,607 shares of the construction company’s stock after selling 65,641 shares during the period. SG Americas Securities LLC’s holdings in Fluor were worth $505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLR. Strs Ohio purchased a new stake in shares of Fluor during the 4th quarter valued at approximately $143,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Fluor during the 4th quarter valued at approximately $1,441,000. Vestmark Advisory Solutions Inc. bought a new stake in Fluor during the 4th quarter worth approximately $207,000. Yousif Capital Management LLC bought a new stake in Fluor during the 4th quarter worth approximately $2,052,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Fluor by 35.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,433 shares of the construction company’s stock worth $457,000 after acquiring an additional 4,776 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Matthew K. Rose bought 40,000 shares of the stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $25.63 per share, with a total value of $1,025,200.00. Following the completion of the acquisition, the director now owns 80,764 shares of the company’s stock, valued at $2,069,981.32. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Fluor news, Director Matthew K. Rose purchased 40,000 shares of Fluor stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $25.63 per share, for a total transaction of $1,025,200.00. Following the completion of the transaction, the director now owns 80,764 shares of the company’s stock, valued at approximately $2,069,981.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James T. Hackett purchased 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average price of $25.46 per share, for a total transaction of $763,800.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $254,600. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FLR has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of Fluor from $31.00 to $27.00 in a report on Friday, July 22nd. Credit Suisse Group set a $26.00 target price on shares of Fluor in a report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.60.

Fluor Trading Up 0.8 %

Shares of FLR opened at $25.40 on Friday. The firm has a fifty day simple moving average of $25.33 and a two-hundred day simple moving average of $25.43. Fluor Co. has a twelve month low of $14.41 and a twelve month high of $31.32. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.61 billion, a P/E ratio of -32.15, a PEG ratio of 0.54 and a beta of 2.58.

Fluor (NYSE:FLRGet Rating) last announced its quarterly earnings results on Friday, May 6th. The construction company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Fluor had a positive return on equity of 10.59% and a negative net margin of 0.63%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. On average, research analysts anticipate that Fluor Co. will post 1.29 EPS for the current year.

Fluor Profile

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Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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