Kentucky Retirement Systems Invests $629,000 in Fluor Corporation $FLR

Kentucky Retirement Systems bought a new stake in Fluor Corporation (NYSE:FLR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,487 shares of the construction company’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLR. Global Retirement Partners LLC raised its position in Fluor by 91.7% in 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. grew its position in shares of Fluor by 249.0% during 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 purchased a new stake in shares of Fluor during the fourth quarter worth approximately $27,000. Larson Financial Group LLC increased its stake 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 worth $31,000 after buying an additional 734 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Fluor in the fourth quarter valued at approximately $35,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Up 0.2%

Shares of NYSE:FLR opened at $50.17 on Friday. Fluor Corporation has a 1-year low of $37.62 and a 1-year high of $57.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market cap of $7.01 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.59 and a beta of 1.23. The firm has a fifty day moving average price of $50.26 and a 200 day moving average price of $48.24.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts predict that Fluor Corporation will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Truist Financial boosted their target price 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, Robert W. Baird increased their target price on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fluor presently has an average rating of “Hold” and a consensus 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.