Mark Fields Sells 5,178 Shares of Fluor (NYSE:FLR) Stock

Fluor Corporation (NYSE:FLR) insider Mark Fields sold 5,178 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $52.36, for a total transaction of $271,120.08. Following the transaction, the insider directly owned 194,514 shares of the company’s stock, valued at approximately $10,184,753.04. This represents a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fluor Stock Performance

Shares of NYSE:FLR traded down $2.07 during midday trading on Monday, hitting $51.62. The company’s stock had a trading volume of 4,003,155 shares, compared to its average volume of 2,947,720. Fluor Corporation has a fifty-two week low of $29.20 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of -66.18, a PEG ratio of 1.37 and a beta of 1.37. The stock’s 50 day simple moving average is $44.56 and its 200 day simple moving average is $43.97.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on FLR shares. DA Davidson raised their price target on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research upgraded shares of Fluor from a “hold” rating to a “strong-buy” rating in a research note on Thursday. UBS Group restated a “buy” rating and set a $57.00 price target on shares of Fluor in a research note on Thursday. Truist Financial raised their price objective on Fluor from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings cut Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.29.

Institutional Trading of Fluor

Several institutional investors have recently bought and sold shares of the stock. MTM Investment Management LLC acquired a new position in Fluor during the second quarter worth $26,000. Hantz Financial Services Inc. grew its holdings in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after purchasing an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Fluor during the second quarter worth about $33,000. Global Retirement Partners LLC increased its holdings in shares of Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after buying an additional 311 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Fluor by 249.0% in the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after acquiring an additional 483 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.