Pierre Edward Bechelany Sells 4,581 Shares of Fluor (NYSE:FLR) Stock

Fluor Corporation (NYSE:FLR) insider Pierre Edward Bechelany sold 4,581 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $53.10, for a total value of $243,251.10. Following the transaction, the insider owned 32,748 shares in the company, valued at $1,738,918.80. This trade represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Fluor Price Performance

NYSE:FLR traded down $2.07 during mid-day trading on Monday, reaching $51.62. The stock had a trading volume of 4,003,155 shares, compared to its average volume of 2,947,720. The stock has a market capitalization of $7.57 billion, a P/E ratio of -66.18, a P/E/G ratio of 1.37 and a beta of 1.37. The firm has a 50 day moving average price of $44.56 and a two-hundred day moving average price of $43.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.91 and a current ratio of 1.91. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business posted $0.48 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FLR. Weiss Ratings cut Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Citigroup raised their price target on Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird lifted their price target on Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. UBS Group reissued a “buy” rating and set a $57.00 price objective on shares of Fluor in a research note on Thursday. Finally, DA Davidson lifted their target price on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.29.

Hedge Funds Weigh In On Fluor

Several hedge funds have recently made changes to their positions in FLR. DLD Asset Management LP bought a new stake in Fluor in the second quarter valued at $1,025,400,000. Starboard Value LP bought a new stake in shares of Fluor during the 4th quarter valued at about $205,732,000. Rubric Capital Management LP purchased a new position in shares of Fluor during the second quarter valued at about $205,080,000. AQR Capital Management LLC raised its stake in Fluor by 163.1% in the fourth quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after buying an additional 3,203,712 shares in the last quarter. Finally, Sourcerock Group LLC purchased a new stake in Fluor in the second quarter worth about $85,327,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.