Fluor Co. (NYSE:FLR) Insider Sells $2,831,500.00 in Stock

Fluor Co. (NYSE:FLR) insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fluor Trading Up 0.4 %

Shares of FLR stock traded up $0.25 during trading hours on Monday, hitting $56.04. 2,816,451 shares of the company’s stock traded hands, compared to its average volume of 1,717,734. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The stock has a market cap of $9.61 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 4.36 and a beta of 1.90. The stock’s 50 day simple moving average is $51.05 and its 200 day simple moving average is $47.33.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Fluor Co. will post 2.62 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on FLR. UBS Group boosted their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird increased their target price on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. KeyCorp upped their price objective on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Truist Financial raised their target price on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, DA Davidson upped their price target on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.29.

Institutional Investors Weigh In On Fluor

A number of institutional investors have recently modified their holdings of the company. ORG Partners LLC bought a new stake in Fluor during the second quarter valued at $34,000. GAMMA Investing LLC boosted its position in shares of Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Fluor by 6,642.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Fluor in the second quarter worth approximately $51,000. Finally, Quest Partners LLC acquired a new position in Fluor in the second quarter valued at approximately $52,000. 88.07% of the stock is owned by institutional investors.

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.