David E. Constable Sells 40,800 Shares of Fluor Co. (NYSE:FLR) Stock

Fluor Co. (NYSE:FLR - Get Free Report) Chairman David E. Constable sold 40,800 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total value of $1,999,200.00. Following the sale, the chairman now directly owns 870,627 shares in the company, valued at approximately $42,660,723. The trade was a 4.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fluor Stock Performance

FLR stock traded down $0.18 during trading on Friday, hitting $48.21. 3,745,018 shares of the company traded hands, compared to its average volume of 2,513,157. The stock's 50-day simple moving average is $38.16 and its 200 day simple moving average is $42.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a market cap of $7.94 billion, a PE ratio of 3.96, a P/E/G ratio of 1.36 and a beta of 1.30. Fluor Co. has a 1 year low of $29.20 and a 1 year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly 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 analysts' expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Fluor's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. On average, equities analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FLR. DA Davidson decreased their price target on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. UBS Group reduced their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, Robert W. Baird set a $41.00 price objective on Fluor in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and a consensus target price of $45.43.

Institutional Trading of Fluor

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

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.