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 stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the sale, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Fluor Price Performance

Shares of FLR opened at $55.93 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The company’s fifty day moving average price is $51.24 and its 200-day moving average price is $47.45. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The firm has a market capitalization of $9.59 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 4.36 and a beta of 1.90.

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

Analyst Upgrades and Downgrades

FLR has been the topic of a number of recent research reports. DA Davidson raised their price objective on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group lifted their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and increased their target price for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial upped their price target on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird boosted their target price on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.29.

Institutional Trading of Fluor

Several institutional investors and hedge funds have recently bought and sold shares of FLR. CIBC Asset Management Inc grew its holdings in Fluor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock worth $235,000 after acquiring an additional 176 shares during the period. Seelaus Asset Management LLC boosted its position in Fluor by 3.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after purchasing an additional 230 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of Fluor by 0.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after purchasing an additional 233 shares during the period. Xponance Inc. increased its holdings in shares of Fluor by 1.2% during the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after purchasing an additional 265 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Fluor by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company’s stock valued at $286,000 after purchasing an additional 277 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.