Fluor Corporation (NYSE:FLR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Fluor Corporation (NYSE:FLR) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,089,101 shares of the construction company’s stock after selling 12,914 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Fluor were worth $74,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in Fluor in the 1st quarter worth approximately $29,000. Sterling Capital Management LLC lifted its stake in Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares during the period. Strategic Investment Solutions Inc. IL lifted its stake in Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after acquiring an additional 800 shares during the period. SBI Securities Co. Ltd. lifted its stake in Fluor by 222.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock valued at $39,000 after acquiring an additional 760 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Fluor by 121.5% during the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock valued at $43,000 after acquiring an additional 666 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fluor

In related news, insider Alvin C. Collins III sold 18,920 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the sale, the insider owned 64,383 shares of the company’s stock, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David E. Constable sold 38,600 shares of the business’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the completion of the sale, the chairman directly owned 792,027 shares of the company’s stock, valued at approximately $41,272,526.97. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,320 shares of company stock valued at $4,870,182. 1.70% of the stock is owned by insiders.

Fluor Price Performance

NYSE:FLR opened at $42.64 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 1.76 and a beta of 1.43. The company has a 50 day moving average price of $49.92 and a 200-day moving average price of $42.42. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $60.10.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.16). The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%. Fluor’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. Equities research analysts forecast that Fluor Corporation will post 2.5 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. KeyCorp cut shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price objective for the company. in a research note on Tuesday, July 15th. Truist Financial set a $52.00 price objective on shares of Fluor in a research note on Monday, August 4th. Robert W. Baird decreased their price objective on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Wall Street Zen cut shares of Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, UBS Group cut their target price on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.57.

About Fluor

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.