Insider Selling: Fluor (NYSE:FLR) Insider Sells 5,000 Shares

Key Points

• Fluor insider Pierre Edward Bechelany sold 5,000 shares at an average price of $55.24, generating $276,200. The Rule 10b5-1 transaction reduced his holdings by 12.18% to 36,064 shares.
• Fluor’s shares fell $4.53 to $52.47 in Monday trading, while the company reported quarterly EPS of $0.91 and revenue of $4.33 billion—both above analyst expectations.
• Analyst views remain mixed, with a consensus “Hold” rating and an average price target of $63.33; institutional investors own 88.07% of Fluor’s stock.

Fluor Corporation (NYSE:FLR - Get Free Report) insider Pierre Edward Bechelany sold 5,000 shares of Fluor stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $55.24, for a total transaction of $276,200.00. Following the completion of the transaction, the insider owned 36,064 shares of the company's stock, valued at $1,992,175.36. The trade was a 12.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fluor Stock Performance

Shares of FLR stock traded down $4.53 during trading on Monday, reaching $52.47. 4,564,331 shares of the company's stock traded hands, compared to its average volume of 2,728,638. The firm's 50-day moving average is $50.78 and its 200 day moving average is $48.53. The company has a market capitalization of $7.33 billion, a P/E ratio of -4.27, a PEG ratio of 1.81 and a beta of 1.25. Fluor Corporation has a 1 year low of $39.33 and a 1 year high of $57.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.38.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.21. The business had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $3.92 billion. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Equities research analysts expect that Fluor Corporation will post 2.63 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLR. NewEdge Advisors LLC boosted its holdings in shares of Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company's stock worth $361,000 after purchasing an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Fluor by 337.7% in the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company's stock worth $587,000 after buying an additional 12,645 shares in the last quarter. Caxton Associates LLP bought a new position in Fluor during the first quarter valued at approximately $266,000. Acadian Asset Management LLC purchased a new position in shares of Fluor during the first quarter worth approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company's stock worth $194,000 after acquiring an additional 248 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial reiterated a "buy" rating and set a $71.00 price target (up from $64.00) on shares of Fluor in a research report on Monday. Zacks Research lowered shares of Fluor from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Fluor in a report on Friday. UBS Group boosted their price target on shares of Fluor from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Monday. Finally, Robert W. Baird increased their price objective on Fluor from $49.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $63.33.

Fluor Company Profile

Fluor Corporation NYSE: FLR is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company's core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor's diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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