Insider Selling: 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 company’s stock in a transaction 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 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 legal filing with the SEC, which is accessible through this link.

Fluor Stock Up 0.4 %

Shares of NYSE:FLR opened at $56.04 on Tuesday. The business’s 50 day moving average is $51.24 and its 200 day moving average is $47.45. 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 price-to-earnings ratio of 37.36, a PEG ratio of 4.36 and a beta of 1.90. 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 (NYSE:FLR) last posted its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (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 firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fluor

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC purchased a new stake in shares of Fluor during the second quarter valued at approximately $34,000. GAMMA Investing LLC increased 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 during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Fluor by 6,642.9% during the 2nd 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 purchased a new position in shares of Fluor in the 2nd quarter worth about $51,000. Finally, Quest Partners LLC bought a new position in Fluor during the second quarter valued at about $52,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FLR shares. Robert W. Baird boosted their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. KeyCorp increased 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. UBS Group boosted their target price on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Finally, DA Davidson upped their target price on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.29.

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.