Fluor (NYSE:FLR) Insider Sells $179,815.83 in Stock

Fluor Corporation (NYSE:FLR) insider Anthony Morgan sold 3,387 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $53.09, for a total transaction of $179,815.83. Following the transaction, the insider owned 45,999 shares of the company’s stock, valued at approximately $2,442,086.91. The trade was a 6.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fluor Stock Down 2.7%

FLR opened at $52.09 on Friday. Fluor Corporation has a twelve month low of $29.20 and a twelve month high of $57.50. The company’s 50-day moving average price is $45.40 and its two-hundred day moving average price is $44.22. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of -66.78, a PEG ratio of 1.36 and a beta of 1.37. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.33.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm posted $0.48 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLR has been the subject of several recent research reports. Robert W. Baird lifted their price objective on Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Truist Financial increased their target price on shares of Fluor from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. DA Davidson boosted their price target on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Citigroup lifted their price objective on shares of Fluor from $57.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Fluor presently has an average rating of “Moderate Buy” and a consensus target price of $54.33.

Hedge Funds Weigh In On Fluor

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Fluor by 6.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,591 shares of the construction company’s stock worth $151,000 after acquiring an additional 223 shares during the period. Seelaus Asset Management LLC grew its position in shares of Fluor by 2.9% during the 4th quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock valued at $348,000 after purchasing an additional 245 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares during the period. Brighton Jones LLC raised its position in shares of Fluor by 3.1% in the third quarter. Brighton Jones LLC now owns 9,060 shares of the construction company’s stock worth $381,000 after buying an additional 273 shares in the last quarter. Finally, Clearstead Advisors LLC grew its position in Fluor by 20.9% during the third quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock worth $67,000 after buying an additional 276 shares in the last quarter. 88.07% of the stock is currently owned by 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.