Fluor Co. (NYSE:FLR) CFO Sells $729,485.95 in Stock

Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The shares were sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the transaction, the chief financial officer now owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Fluor Trading Down 1.1 %

NYSE FLR traded down $0.54 on Monday, reaching $46.65. The company had a trading volume of 1,447,792 shares, compared to its average volume of 1,532,407. Fluor Co. has a 52 week low of $32.31 and a 52 week high of $51.64. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.91 and a beta of 1.91. The stock’s 50 day moving average is $47.70 and its 200-day moving average is $43.75.

Fluor (NYSE:FLR) last posted its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Fluor Co. will post 2.9 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on FLR. Barclays lifted their price objective on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Citigroup boosted their target price on Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group boosted their target price on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. KeyCorp upgraded Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a research report on Wednesday, July 17th. 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 report on Monday, August 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Fluor presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLR. Rise Advisors LLC acquired a new position in Fluor in the first quarter valued at about $28,000. ORG Partners LLC acquired a new position in shares of Fluor during the second quarter worth about $34,000. GAMMA Investing LLC boosted its position in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after buying an additional 285 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of 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 buying an additional 930 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Fluor during the second quarter worth about $51,000. 88.07% of the stock is 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.