Fluor Corporation (NYSE:FLR) insider Jose Luis M. Bustamante sold 2,750 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $48.63, for a total transaction of $133,732.50. Following the completion of the transaction, the insider now owns 38,757 shares of the company’s stock, valued at $1,884,752.91. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Fluor Corporation (NYSE:FLR) opened at $48.67 on Monday. The stock has a market cap of $6,807.73, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.39 and a beta of 1.46. Fluor Corporation has a 12 month low of $37.03 and a 12 month high of $58.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56.

Fluor (NYSE:FLR) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Fluor had a net margin of 1.03% and a return on equity of 11.69%. Fluor’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. analysts predict that Fluor Corporation will post 1.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, December 4th. Fluor’s dividend payout ratio is presently 58.74%.

A number of research firms have recently commented on FLR. Zacks Investment Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Fluor in a research note on Monday, November 6th. UBS upped their price objective on shares of Fluor from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Robert W. Baird upped their price objective on shares of Fluor from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Credit Suisse Group reduced their price objective on shares of Fluor from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.45.

A number of hedge funds and other institutional investors have recently modified their holdings of FLR. CI Global Investments Inc. boosted its stake in Fluor by 66.8% during the second quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock worth $216,165,000 after acquiring an additional 1,890,300 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Fluor by 53.8% during the third quarter. Artisan Partners Limited Partnership now owns 4,000,036 shares of the construction company’s stock worth $168,402,000 after acquiring an additional 1,399,145 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Fluor during the third quarter worth $57,365,000. Becker Capital Management Inc. bought a new position in Fluor during the third quarter worth $26,858,000. Finally, Janus Henderson Group PLC boosted its stake in Fluor by 4,064.5% during the second quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock worth $26,460,000 after acquiring an additional 564,113 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/12/04/insider-selling-fluor-corporation-flr-insider-sells-133732-50-in-stock.html.

Fluor Company Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

Receive News & Stock Ratings for Fluor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Corporation and related stocks with our FREE daily email newsletter.