Mark A. Landry Sells 390 Shares of Fluor Corporation (FLR) Stock
Fluor Corporation (NYSE:FLR) insider Mark A. Landry sold 390 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $49.24, for a total value of $19,203.60. Following the transaction, the insider now directly owns 9,084 shares in the company, valued at $447,296.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Fluor Corporation (NYSE:FLR) traded up $0.58 during mid-day trading on Friday, reaching $50.45. The company’s stock had a trading volume of 1,914,778 shares, compared to its average volume of 1,226,771. 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 Corporation has a 12 month low of $37.03 and a 12 month high of $58.37. The firm has a market cap of $6,975.58, a price-to-earnings ratio of 17.94, a P/E/G ratio of 3.48 and a beta of 1.46.
Fluor (NYSE:FLR) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. Fluor had a return on equity of 11.69% and a net margin of 1.03%. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the firm posted $0.03 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts forecast that Fluor Corporation will post 1.56 earnings per share for the current fiscal year.
Several research analysts recently weighed in on the company. Barclays assumed coverage on Fluor in a research report on Tuesday. They set an “equal weight” rating and a $54.00 price target on the stock. Zacks Investment Research raised Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Canaccord Genuity reissued a “buy” rating and set a $54.00 price target on shares of Fluor in a research report on Monday, November 6th. UBS upped their price target on Fluor from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Robert W. Baird upped their price target on Fluor from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Fluor has a consensus rating of “Hold” and an average price target of $48.00.
A number of hedge funds have recently modified their holdings of FLR. Balentine LLC increased its position in Fluor by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after purchasing an additional 1,393 shares during the last quarter. Smithfield Trust Co. increased its position in Fluor by 393.3% in the 2nd quarter. Smithfield Trust Co. now owns 3,700 shares of the construction company’s stock worth $169,000 after purchasing an additional 2,950 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Fluor during the 2nd quarter worth about $169,000. Greenwood Capital Associates LLC boosted its stake in shares of Fluor by 10.5% during the 2nd quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock worth $207,000 after acquiring an additional 430 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in shares of Fluor during the 3rd quarter worth about $226,000. 84.30% of the stock is currently owned by institutional investors.
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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.
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