Oregon Public Employees Retirement Fund Increases Stock Holdings in Fluor Co. (NYSE:FLR)

Oregon Public Employees Retirement Fund boosted its holdings in Fluor Co. (NYSE:FLR) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,954 shares of the construction company’s stock after purchasing an additional 300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fluor were worth $1,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Mengis Capital Management Inc. purchased a new position in Fluor in the fourth quarter worth $1,510,000. Paradigm Asset Management Co. LLC purchased a new position in Fluor in the fourth quarter worth $192,000. Ieq Capital LLC purchased a new position in Fluor in the fourth quarter worth $353,000. Financial Sense Advisors Inc. purchased a new position in Fluor in the fourth quarter worth $4,707,000. Finally, Global Retirement Partners LLC raised its stake in shares of Fluor by 779.1% in the fourth quarter. Global Retirement Partners LLC now owns 2,233 shares of the construction company’s stock valued at $110,000 after buying an additional 1,979 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Insiders Place Their Bets

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Performance

NYSE:FLR opened at $38.00 on Friday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 3.12, a PEG ratio of 1.36 and a beta of 1.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The business’s fifty day moving average is $47.23 and its 200 day moving average is $49.65. Fluor Co. has a 52-week low of $36.00 and a 52-week high of $60.10.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on FLR. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup lowered their target price on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. DA Davidson lowered their target price on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, KeyCorp boosted their target price on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

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.