State of Alaska Department of Revenue Sells 280 Shares of Fluor Co. (NYSE:FLR)

State of Alaska Department of Revenue lowered its position in Fluor Co. (NYSE:FLR) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,554 shares of the construction company’s stock after selling 280 shares during the period. State of Alaska Department of Revenue’s holdings in Fluor were worth $964,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after purchasing an additional 527 shares in the last quarter. Quarry LP increased its holdings in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Fluor in the third quarter valued at approximately $96,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Fluor in the third quarter valued at approximately $96,000. Finally, GAMMA Investing LLC increased its holdings in shares of Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock valued at $112,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Shares of FLR stock opened at $44.85 on Friday. Fluor Co. has a 12-month low of $35.04 and a 12-month high of $60.10. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 3.45 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $50.43 and a 200-day moving average of $50.29.

Insider Activity

In related news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup lowered their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. DA Davidson lifted their target price on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. UBS Group lifted their target price on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $58.00 target price (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus target price of $59.29.

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.