Joseph L. Brennan Sells 11,619 Shares of Fluor Co. (NYSE:FLR) Stock

Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares in the company, valued at $2,107,972.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Fluor Trading Down 0.4 %

Shares of FLR opened at $50.43 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. 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 $8.63 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 2.02 and a beta of 1.91. The business’s fifty day moving average is $47.65 and its 200-day moving average is $44.52.

Fluor (NYSE:FLR) last released 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. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities analysts anticipate that Fluor Co. will post 2.88 EPS for the current fiscal year.

Analyst Ratings Changes

FLR has been the topic of a number of recent research reports. Truist Financial raised their price target on shares of Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays lifted their price target on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research report on Wednesday, July 17th. Robert W. Baird upped their target price on Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, UBS Group raised their price target on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Institutional Trading of Fluor

Hedge funds and other institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC increased its holdings in Fluor by 0.3% in 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 in the last quarter. Xponance Inc. increased its stake in shares of Fluor by 1.2% in the second quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after buying an additional 265 shares during the period. GAMMA Investing LLC raised its holdings in 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Fluor by 0.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock worth $2,739,000 after buying an additional 286 shares during the period. Finally, Lesa Sroufe & Co increased its position in Fluor by 0.6% in the 1st quarter. Lesa Sroufe & Co now owns 50,950 shares of the construction company’s stock valued at $2,154,000 after acquiring an additional 312 shares during the period. Institutional investors 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.