Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan Sells 4,012 Shares of Stock

Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the sale, the chief financial officer now owns 53,527 shares in the company, valued at $2,676,885.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Fluor Stock Performance

NYSE:FLR opened at $50.64 on Tuesday. The firm has a 50 day moving average of $47.58 and a 200-day moving average of $44.46. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. Fluor Co. has a 1 year low of $32.31 and a 1 year high of $51.64. The stock has a market capitalization of $8.67 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 2.02 and a beta of 1.91.

Fluor (NYSE:FLR) last released its earnings results on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.68 by $0.17. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. As a group, sell-side analysts anticipate that Fluor Co. will post 2.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

Several large investors have recently made changes to their positions in the stock. Rise Advisors LLC bought a new position in shares of Fluor during the first quarter worth about $28,000. ORG Partners LLC bought a new stake in Fluor in the second quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in shares of Fluor by 46.4% in the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after buying an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Fluor by 6,642.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after acquiring an additional 930 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Fluor in the 2nd quarter valued at $51,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a report on Monday, August 5th. DA Davidson lifted their price target on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Citigroup upped their price objective on Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Robert W. Baird boosted their target price on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Barclays raised their price objective on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Fluor Company Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.