Silver Oak Securities Incorporated Has $277,000 Stock Position in Fluor Corporation (NYSE:FLR)

Silver Oak Securities Incorporated lowered its stake in Fluor Corporation (NYSE:FLR) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,653 shares of the construction company’s stock after selling 1,104 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Fluor were worth $277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. boosted its stake in Fluor by 329.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company’s stock worth $97,954,000 after purchasing an additional 1,523,647 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Fluor by 10,125.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company’s stock worth $52,129,000 after buying an additional 1,046,610 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Fluor by 58.4% during the fourth quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company’s stock worth $96,285,000 after buying an additional 719,583 shares in the last quarter. Yaupon Capital Management LP acquired a new stake in Fluor in the 4th quarter valued at approximately $26,353,000. Finally, Frontier Capital Management Co. LLC bought a new stake in Fluor in the 4th quarter valued at approximately $25,117,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FLR. Truist Financial boosted their price objective on shares of Fluor from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Robert W. Baird set a $41.00 price objective on shares of Fluor in a research note on Monday, May 5th. Wall Street Zen downgraded Fluor from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. UBS Group reduced their price target on Fluor from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Finally, Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.43.

Insider Transactions at Fluor

In other news, insider Alvin C. Collins III sold 18,920 shares of the business’s stock in a transaction dated 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 now owns 64,383 shares of the company’s stock, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman David E. Constable sold 40,800 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman now directly owns 870,627 shares in the company, valued at approximately $42,660,723. This represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Performance

FLR opened at $49.55 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.30. Fluor Corporation has a 12-month low of $29.20 and a 12-month high of $60.10. The business has a 50 day moving average of $39.84 and a 200-day moving average of $42.73. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 4.75, a PEG ratio of 2.40 and a beta of 1.30.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 14.59% and a net margin of 11.13%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Fluor Company 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.