Joseph L. Brennan Sells 11,619 Shares of Fluor Co. (NYSE:FLR) Stock

by · The Cerbat Gem

Fluor Co. (NYSE:FLR – Get Free Report) CFO Joseph L. Brennan sold 11,619 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares of the company’s stock, valued at $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fluor Trading Down 0.4 %

Shares of Fluor stock opened at $50.43 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. Fluor Co. has a 52 week low of $32.31 and a 52 week high of $51.64. The stock has a 50 day moving average price of $47.65 and a two-hundred day moving average price of $44.52. The stock has a market capitalization of $8.63 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.91.

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

Hedge Funds Weigh In On Fluor

Several large investors have recently added to or reduced their stakes in the business. ClariVest Asset Management LLC boosted its position in shares of Fluor by 0.3% during the second quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock valued at $3,379,000 after buying an additional 233 shares during the last quarter. Xponance Inc. boosted its holdings in Fluor by 1.2% during the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock worth $1,006,000 after acquiring an additional 265 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 285 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Fluor by 0.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after purchasing an additional 286 shares in the last quarter. Finally, Lesa Sroufe & Co boosted its holdings in Fluor by 0.6% during the first quarter. Lesa Sroufe & Co now owns 50,950 shares of the construction company’s stock worth $2,154,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FLR shares. UBS Group raised their price target on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Robert W. Baird boosted their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Barclays upped their price target on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Truist Financial boosted their price objective on Fluor from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price for the company in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

View Our Latest Stock Analysis on Fluor

Fluor Company Profile

(Get Free Report)

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.

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