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

Fluor Corporation (NYSE:FLR) insider Mark Fields sold 5,178 shares of Fluor stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $52.36, for a total value of $271,120.08. Following the completion of the transaction, the insider owned 194,514 shares in the company, valued at $10,184,753.04. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Fluor Trading Down 3.9%

Shares of NYSE FLR traded down $2.07 during mid-day trading on Monday, hitting $51.62. 4,003,155 shares of the company traded hands, compared to its average volume of 2,947,720. 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 Corporation has a 1 year low of $29.20 and a 1 year high of $57.50. 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 business has a 50 day moving average of $44.56 and a two-hundred day moving average of $43.97.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. Fluor’s quarterly revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. DLD Asset Management LP acquired a new position in Fluor during the second quarter worth $1,025,400,000. Starboard Value LP bought a new stake in shares of Fluor during the 4th quarter worth about $205,732,000. AQR Capital Management LLC increased 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 valued at $204,795,000 after acquiring an additional 3,203,712 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fluor by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock valued at $178,962,000 after acquiring an additional 377,985 shares in the last quarter. Finally, Rubric Capital Management LP grew its holdings in Fluor by 12.5% during the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock valued at $189,315,000 after purchasing an additional 500,000 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on FLR shares. Citigroup raised their target price on Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group reissued a “buy” rating and issued a $57.00 price target on shares of Fluor in a research report on Thursday. Truist Financial boosted their price objective on shares of Fluor from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday. Finally, DA Davidson upped their price objective on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.29.

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.