Pierre Edward Bechelany Sells 5,000 Shares of Fluor (NYSE:FLR) Stock

Fluor Corporation (NYSE:FLR) insider Pierre Edward Bechelany sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.24, for a total transaction of $276,200.00. Following the completion of the sale, the insider owned 36,064 shares of the company’s stock, valued at $1,992,175.36. This trade represents a 12.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fluor Price Performance

NYSE:FLR opened at $53.02 on Wednesday. Fluor Corporation has a 12-month low of $39.33 and a 12-month high of $57.93. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of -4.32, a P/E/G ratio of 1.66 and a beta of 1.25. The stock’s 50 day moving average price is $50.97 and its two-hundred day moving average price is $48.66. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 0.38.

Fluor (NYSE:FLR) last issued its earnings results on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%.The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts anticipate that Fluor Corporation will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Fluor

Institutional investors have recently made changes to their positions in the stock. Starboard Value LP acquired a new position in Fluor in the 4th quarter valued at $205,732,000. AQR Capital Management LLC grew its holdings in shares of Fluor by 163.1% during the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after purchasing an additional 3,203,712 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Fluor by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock worth $178,962,000 after purchasing an additional 377,985 shares during the period. Rubric Capital Management LP increased its position in shares of Fluor by 12.5% in the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock worth $189,315,000 after purchasing an additional 500,000 shares during the period. Finally, Morgan Stanley raised its stake in Fluor by 0.6% in the fourth quarter. Morgan Stanley now owns 3,405,733 shares of the construction company’s stock valued at $134,969,000 after purchasing an additional 20,210 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Key Fluor News

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Robert W. Baird raised its price target on Fluor (FLR) to $65 from $49 while maintaining a neutral rating, indicating greater valuation support despite a cautious recommendation. Benzinga analyst update
• Positive Sentiment: Other analysts also lifted their targets: Citigroup increased its objective to $68 and UBS raised its target to $66, while both retained buy ratings. The analyst consensus target is approximately $63.33, above recent trading levels. Fluor analyst ratings
• Positive Sentiment: Institutional interest remains strong, with several funds initiating positions during the second quarter. Institutional investors collectively own about 88% of Fluor’s shares, while potential government investment in nuclear infrastructure could create future engineering and contracting opportunities for the company.
• Neutral Sentiment: Barclays raised its price target to $50 from $40 but maintained a Hold rating, signaling improved expectations while still implying limited near-term conviction. Barclays Hold rating
• Negative Sentiment: Fluor insider Pierre Edward Bechelany sold 5,000 shares valued at $276,200. The sale was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but it still represents a 12.18% reduction in his direct holdings. SEC insider transaction filing

Analysts Set New Price Targets

A number of analysts have recently issued reports on FLR shares. Truist Financial restated a “buy” rating and set a $71.00 target price (up from $64.00) on shares of Fluor in a research note on Monday. UBS Group upped their price target on shares of Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Monday. Barclays raised their price objective on shares of Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday. Zacks Research cut Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Robert W. Baird increased their target price on Fluor from $49.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.33.

Fluor Company Profile

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.