Joseph L. Brennan Sells 295 Shares of Fluor Co. (NYSE:FLR) Stock

Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan sold 295 shares of Fluor stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $47.50, for a total value of $14,012.50. Following the completion of the transaction, the chief financial officer now owns 57,539 shares of the company’s stock, valued at approximately $2,733,102.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fluor Trading Down 1.1 %

Shares of NYSE FLR traded down $0.54 during trading hours on Monday, reaching $46.65. The stock had a trading volume of 1,400,175 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 firm has a market cap of $7.99 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.91 and a beta of 1.91. The business’s fifty day moving average price is $47.70 and its two-hundred day moving average price is $43.75. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.17. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Analysts expect that Fluor Co. will post 2.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

Hedge funds have recently modified their holdings of the business. Rise Advisors LLC purchased a new stake in shares of Fluor during the 1st quarter worth $28,000. ORG Partners LLC purchased a new stake in shares of Fluor during the second quarter valued at about $34,000. GAMMA Investing LLC boosted its holdings in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after buying an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Fluor by 6,642.9% in the 2nd 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 last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Fluor during the 2nd quarter worth approximately $51,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Robert W. Baird raised their price target on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group lifted their price target on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a report on Wednesday, July 17th. Barclays boosted their target price on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Finally, Citigroup raised their price target on Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.00.

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.