Fluor Co. (NYSE:FLR) Insider Sells $433,131.59 in Stock

Fluor Co. (NYSE:FLR) insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Fluor Stock Down 0.3 %

NYSE FLR opened at $55.79 on Monday. The stock’s 50 day simple moving average is $52.83 and its 200 day simple moving average is $48.50. Fluor Co. has a one year low of $35.04 and a one year high of $60.10. The firm has a market cap of $9.57 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 4.38 and a beta of 1.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 8th. The construction company reported $0.51 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 business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the company posted $1.02 EPS. Fluor’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. UBS Group increased their price target on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their price objective on Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. KeyCorp increased their target price on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, DA Davidson boosted their price target on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.29.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently modified their holdings of the stock. ORG Partners LLC bought a new stake in shares of Fluor during the second quarter valued at approximately $34,000. GAMMA Investing LLC boosted its position 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. Allspring Global Investments Holdings LLC increased its stake 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 valued at $41,000 after buying an additional 930 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor during the second quarter worth $51,000. Finally, Quest Partners LLC acquired a new position in shares of Fluor during the second quarter valued at $52,000. 88.07% of the stock is owned by institutional investors.

About Fluor

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.