David E. Constable Sells 38,600 Shares of Fluor Corporation (NYSE:FLR) Stock

Fluor Corporation (NYSE:FLR - Get Free Report) Chairman David E. Constable sold 38,600 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $52.11, for a total value of $2,011,446.00. Following the completion of the transaction, the chairman owned 792,027 shares in the company, valued at $41,272,526.97. The trade was a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Fluor Trading Down 1.0%

FLR traded down $0.55 on Monday, hitting $52.21. The company had a trading volume of 2,531,074 shares, compared to its average volume of 2,656,451. The firm has a market cap of $8.60 billion, a P/E ratio of 5.01, a PEG ratio of 2.53 and a beta of 1.34. Fluor Corporation has a 1 year low of $29.20 and a 1 year high of $60.10. The company's fifty day moving average price is $43.58 and its 200 day moving average price is $42.36. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.30.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.23. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a return on equity of 14.59% and a net margin of 11.13%. Fluor's revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. As a group, equities analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Hedge Funds Weigh In On Fluor

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Fluor in the 4th quarter valued at about $3,667,000. New York State Teachers Retirement System grew its position in shares of Fluor by 10.7% during the first quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company's stock worth $6,885,000 after buying an additional 18,603 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Fluor by 104.6% during the first quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company's stock worth $49,000 after buying an additional 701 shares in the last quarter. Cinctive Capital Management LP acquired a new position in shares of Fluor during the fourth quarter worth about $1,131,000. Finally, LPL Financial LLC grew its position in shares of Fluor by 19.3% during the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after buying an additional 19,161 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group reiterated a "buy" rating and set a $60.00 price target (up previously from $48.00) on shares of Fluor in a report on Tuesday, June 24th. Citigroup reduced their price target on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Robert W. Baird set a $41.00 price target on Fluor in a report on Monday, May 5th. KeyCorp reduced their price target on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Finally, Wall Street Zen lowered Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

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.

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