Fluor Co. (NYSE:FLR) CAO Sells $628,030.00 in Stock

Fluor Co. (NYSE:FLR) CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following the completion of the sale, the chief accounting officer now directly owns 55,965 shares in the company, valued at approximately $2,703,669.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Fluor Price Performance

NYSE:FLR opened at $48.43 on Friday. Fluor Co. has a one year low of $32.31 and a one year high of $51.64. The company has a market cap of $8.29 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.55 and a beta of 1.99. The firm’s fifty day moving average price is $46.30 and its two-hundred day moving average price is $42.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67.

Fluor (NYSE:FLR) last released its quarterly 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. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the company posted $0.76 earnings per share. Fluor’s revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that Fluor Co. will post 2.9 earnings per share for the current year.

Hedge Funds Weigh In On Fluor

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning grew its stake in shares of Fluor by 68.9% in the second quarter. Creative Planning now owns 30,987 shares of the construction company’s stock valued at $1,349,000 after acquiring an additional 12,642 shares in the last quarter. Algert Global LLC grew its stake in shares of Fluor by 182.8% in the second quarter. Algert Global LLC now owns 17,140 shares of the construction company’s stock valued at $746,000 after acquiring an additional 11,080 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Fluor in the second quarter valued at about $7,834,000. Scientech Research LLC acquired a new position in shares of Fluor in the second quarter valued at about $753,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Fluor by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 206,060 shares of the construction company’s stock valued at $8,974,000 after acquiring an additional 9,567 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup boosted their target price on shares of Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Truist Financial boosted their target price on shares of Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, August 5th. 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. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price on the stock in a report on Wednesday, July 17th. Finally, UBS Group boosted their target price on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average target price of $54.00.

About Fluor

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.