Insider Selling: Fluor Co. (NYSE:FLR) Insider Sells 7,681 Shares of Stock

Fluor Co. (NYSE:FLR) insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fluor Stock Down 0.3 %

Shares of FLR stock opened at $55.79 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The firm’s 50-day moving average is $52.83 and its 200-day moving average is $48.39. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 4.38 and a beta of 1.89. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on FLR. DA Davidson lifted their target price on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group lifted their target price on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. KeyCorp boosted 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. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Finally, Truist Financial boosted their price objective on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.29.

Institutional Trading of Fluor

Large investors have recently made changes to their positions in the company. ORG Partners LLC acquired a new stake in shares of Fluor during the 2nd quarter worth approximately $34,000. GAMMA Investing LLC boosted its position in Fluor by 46.4% in the second 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 boosted its position in Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after buying an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Fluor in the second quarter valued at approximately $51,000. Finally, Quest Partners LLC acquired a new stake in Fluor in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.