Fluor Co. (NYSE:FLR) CFO Sells $14,012.50 in Stock

Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan sold 295 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $47.50, for a total transaction of $14,012.50. Following the completion of the sale, the chief financial officer now owns 57,539 shares in the company, valued at approximately $2,733,102.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fluor Stock Performance

Fluor stock opened at $45.71 on Thursday. The firm has a market capitalization of $7.83 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.02 and a beta of 1.91. The stock has a fifty day moving average price of $47.52 and a two-hundred day moving average price of $43.89. Fluor Co. has a 52-week low of $32.31 and a 52-week high of $51.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77.

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

Institutional Investors Weigh In On Fluor

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Fluor by 18.6% during the fourth quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock worth $668,278,000 after purchasing an additional 2,670,473 shares during the last quarter. Hood River Capital Management LLC acquired a new position in Fluor during the 2nd quarter worth about $47,559,000. Hennessy Advisors Inc. bought a new stake in Fluor during the 4th quarter worth about $26,918,000. Rubric Capital Management LP increased its position in Fluor by 23.6% in the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after acquiring an additional 614,521 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fluor by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock worth $110,930,000 after acquiring an additional 323,111 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price objective on shares of Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Robert W. Baird raised their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Truist Financial raised their price objective on shares of Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group raised their price objective on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average 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.