Insider Selling: Fluor Co. (NYSE:FLR) Insider Sells 18,920 Shares of Stock

Fluor Co. (NYSE:FLR - Get Free Report) insider Alvin C. Collins III sold 18,920 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the completion of the sale, the insider now owns 64,383 shares of the company's stock, valued at approximately $2,924,919.69. The trade was a 22.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fluor Stock Down 2.0%

Shares of FLR traded down $1.00 during trading hours on Thursday, hitting $48.79. 2,998,773 shares of the company were exchanged, compared to its average volume of 2,490,723. The firm's 50 day moving average is $37.48 and its 200-day moving average is $43.02. Fluor Co. has a 52 week low of $29.20 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The company has a market cap of $8.03 billion, a PE ratio of 4.00, a PEG ratio of 1.36 and a beta of 1.30.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company posted $0.47 earnings per share. Fluor's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FLR shares. Robert W. Baird set a $41.00 target price on Fluor in a report on Monday, May 5th. Citigroup decreased their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a report on Friday, April 25th. DA Davidson decreased their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Truist Financial raised their target price on shares of Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Barclays set a $40.00 price objective on Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and an average price target of $45.43.

Hedge Funds Weigh In On Fluor

Hedge funds have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Fluor during the 1st quarter worth approximately $1,329,000. Acadian Asset Management LLC acquired a new stake in Fluor in the first quarter worth about $54,000. Intech Investment Management LLC raised its stake in shares of Fluor by 26.7% during the first quarter. Intech Investment Management LLC now owns 149,885 shares of the construction company's stock worth $5,369,000 after buying an additional 31,549 shares during the last quarter. Bayforest Capital Ltd boosted its position in shares of Fluor by 140.6% in the 1st quarter. Bayforest Capital Ltd now owns 26,589 shares of the construction company's stock worth $952,000 after purchasing an additional 15,536 shares during the last quarter. Finally, Optimize Financial Inc bought a new stake in shares of Fluor in the 1st quarter valued at about $215,000. Institutional investors and hedge funds own 88.07% of the company's stock.

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.