Thrivent Financial for Lutherans Sells 25,785 Shares of Fluor Corporation $FLR

Thrivent Financial for Lutherans cut its holdings in Fluor Corporation (NYSE:FLR) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 147,500 shares of the construction company’s stock after selling 25,785 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fluor were worth $5,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Seelaus Asset Management LLC increased its stake in shares of Fluor by 2.9% in the fourth quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock valued at $348,000 after buying an additional 245 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after buying an additional 248 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of Fluor by 20.9% in the third quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock valued at $67,000 after buying an additional 276 shares in the last quarter. Truist Financial Corp increased its stake in shares of Fluor by 5.7% in the third quarter. Truist Financial Corp now owns 5,361 shares of the construction company’s stock valued at $226,000 after buying an additional 288 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in shares of Fluor by 2.7% in the fourth quarter. Clear Creek Financial Management LLC now owns 11,756 shares of the construction company’s stock valued at $466,000 after buying an additional 310 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Performance

Shares of Fluor stock opened at $44.54 on Friday. The firm has a fifty day moving average of $47.13 and a two-hundred day moving average of $45.65. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.32 and a beta of 1.33. Fluor Corporation has a 52 week low of $37.48 and a 52 week high of $57.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78.

Fluor (NYSE:FLR) last issued its earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.52). The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities research analysts predict that Fluor Corporation will post 2.74 EPS for the current year.

Insider Buying and Selling at Fluor

In related news, insider Michael E. Alexander sold 3,387 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total value of $179,748.09. Following the completion of the sale, the insider owned 68,664 shares in the company, valued at $3,643,998.48. This represents a 4.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony Morgan sold 3,387 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $53.09, for a total transaction of $179,815.83. Following the completion of the sale, the insider owned 45,999 shares of the company’s stock, valued at approximately $2,442,086.91. This represents a 6.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of a number of research reports. DA Davidson raised their price target on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Robert W. Baird lifted their target price on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Zacks Research cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. UBS Group reissued a “buy” rating and issued a $57.00 target price on shares of Fluor in a research note on Thursday, February 19th. Finally, Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fluor has an average rating of “Moderate Buy” and an average price target of $53.33.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.