Oregon Public Employees Retirement Fund Purchases 300 Shares of Fluor Co. (NYSE:FLR)

Oregon Public Employees Retirement Fund grew its position in shares of Fluor Co. (NYSE:FLR) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,954 shares of the construction company’s stock after acquiring an additional 300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fluor were worth $1,724,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FLR. Raymond James & Associates increased its position in shares of Fluor by 9.4% during the 3rd quarter. Raymond James & Associates now owns 96,025 shares of the construction company’s stock valued at $4,581,000 after purchasing an additional 8,232 shares during the last quarter. State of Alaska Department of Revenue grew its position in Fluor by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,834 shares of the construction company’s stock worth $946,000 after acquiring an additional 1,350 shares during the last quarter. New York State Teachers Retirement System grew its position in Fluor by 0.8% during the 3rd quarter. New York State Teachers Retirement System now owns 175,766 shares of the construction company’s stock worth $8,386,000 after acquiring an additional 1,435 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in Fluor during the 3rd quarter worth approximately $202,000. Finally, US Bancorp DE grew its position in Fluor by 99.6% during the 3rd quarter. US Bancorp DE now owns 33,061 shares of the construction company’s stock worth $1,577,000 after acquiring an additional 16,499 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FLR shares. KeyCorp raised their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Robert W. Baird reduced their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Citigroup reduced their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. DA Davidson reduced their price target 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, StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Insider Activity

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the transaction, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Fluor Price Performance

Shares of FLR stock opened at $38.00 on Friday. The firm has a market cap of $6.41 billion, a P/E ratio of 3.12, a P/E/G ratio of 1.36 and a beta of 1.89. Fluor Co. has a fifty-two week low of $36.00 and a fifty-two week high of $60.10. The business’s 50 day moving average price is $47.23 and its 200-day moving average price is $49.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities research analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current year.

Fluor 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.