Insider Selling: Fluor (NYSE:FLR) Insider Sells 2,589 Shares of Stock

Fluor Corporation (NYSE:FLR) insider Tracey Cook sold 2,589 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $53.22, for a total transaction of $137,786.58. Following the completion of the sale, the insider directly owned 10,731 shares in the company, valued at $571,103.82. This represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Fluor Price Performance

FLR stock traded down $2.07 during midday trading on Monday, reaching $51.62. The company had a trading volume of 4,003,155 shares, compared to its average volume of 2,947,720. The firm has a 50-day moving average price of $44.56 and a 200-day moving average price of $43.97. The company 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. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91.

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

Wall Street Analyst Weigh In

FLR has been the subject of several research reports. Citigroup upped their target price on Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Robert W. Baird boosted their price target on shares of Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Finally, UBS Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Fluor in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.29.

Hedge Funds Weigh In On Fluor

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC grew its stake in shares of Fluor by 41.9% in the fourth quarter. Virtu Financial LLC now owns 34,761 shares of the construction company’s stock worth $1,378,000 after purchasing an additional 10,265 shares during the last quarter. Invesco Ltd. increased its stake in shares of Fluor by 41.3% during the fourth quarter. Invesco Ltd. now owns 2,167,513 shares of the construction company’s stock valued at $85,899,000 after buying an additional 633,959 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Fluor by 10.8% during the fourth quarter. Corient Private Wealth LLC now owns 19,869 shares of the construction company’s stock valued at $788,000 after acquiring an additional 1,937 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Fluor by 116.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,266 shares of the construction company’s stock worth $1,398,000 after acquiring an additional 18,967 shares during the period. Finally, Empowered Funds LLC bought a new stake in Fluor in the fourth quarter valued at $3,775,000. 88.07% of the stock is owned by institutional investors.

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.