Fluor Corporation (NYSE:FLR - Get Free Report) insider Tracey Cook sold 2,589 shares of Fluor stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $53.22, for a total value of $137,786.58. Following the completion of the transaction, the insider owned 10,731 shares in the company, valued at approximately $571,103.82. This represents a 19.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Fluor Trading Down 3.9%
Shares of FLR stock opened at $51.62 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91. The business has a 50-day moving average of $44.73 and a 200 day moving average of $44.02. The stock has a market capitalization of $7.57 billion, a PE ratio of -66.18, a P/E/G ratio of 1.37 and a beta of 1.37. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $57.50.
Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Fluor had a negative net margin of 0.34% and a positive return on equity of 7.96%. The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fluor Corporation will post 2.5 earnings per share for the current year.
Institutional Investors Weigh In On Fluor
Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in Fluor by 40.3% in the first 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 holdings in shares of Fluor by 337.7% during the 1st quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company's stock valued at $587,000 after buying an additional 12,645 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Fluor in the 1st quarter worth about $266,000. Acadian Asset Management LLC bought a new position in shares of Fluor in the 1st quarter worth about $54,000. Finally, Stephens Inc. AR purchased a new position in Fluor during the 2nd quarter valued at about $258,000. 88.07% of the stock is currently owned by institutional investors.
Fluor News Summary
Here are the key news stories impacting Fluor this week:
- Positive Sentiment: Fluor monetized a large SMR stake, selling 71.0 million SMR shares on Feb. 13 for about $1.35 billion — trimming its indirect holding from ~111.4M to ~40.4M shares. The sale materially boosts Fluor’s cash position and reduces concentration in that investment, which could fund operations, reduce leverage or be redeployed into higher-return projects. Fluor Dumps 71 Million SMR Shares for $1.35 Billion
- Neutral Sentiment: Analyst commentary groups Fluor among industrials that are favorable on a longer-term basis, which provides some analyst support but hasn’t outweighed shorter-term concerns. Analysts Are Bullish on These Industrial Goods Stocks
- Neutral Sentiment: Several non-FLUOR industry or regional items surfaced (Stallion India land for an HFO plant; Tivan feasibility study; Indian index technical commentary) that are not material to Fluor’s near-term fundamentals. Stallion India Fluorochemicals secures land for new HFO plant in Rajasthan
- Negative Sentiment: Multiple insider sales disclosed this week — Mark E. Fields sold 5,178 shares (~$271K) reducing his stake ~2.6% (SEC filing). Mark E. Fields sale (SEC)
- Negative Sentiment: Kevin B. Hammonds sold 2,988 shares (~$157K), a ~15.5% drop in his holdings (SEC filing). Kevin B. Hammonds sale (SEC)
- Negative Sentiment: Tracey H. Cook sold 2,589 shares (~$138K), a ~19.4% reduction in her position (SEC filing). Tracey H. Cook sale (SEC)
- Negative Sentiment: Pierre Edward Bechelany sold 4,581 shares (~$243K), a ~12.3% reduction in ownership (SEC filing). Multiple concurrent insider sales increase perceived selling pressure and can amplify short-term negative sentiment. Pierre Edward Bechelany sale (SEC)
- Negative Sentiment: Recent quarterly results showed a slight EPS and revenue miss and a negative net margin, underscoring execution/visibility risks that can weigh on sentiment until guidance or margin trends improve. (Company Q4 results, Feb. 17). FLR earnings summary
Analysts Set New Price Targets
FLR has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Fluor from $57.00 to $61.00 and gave the company a "buy" rating in a research note on Friday. Weiss Ratings lowered Fluor from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, February 17th. Robert W. Baird lifted their price objective on Fluor from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 18th. DA Davidson upped their target price on Fluor from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday. Finally, Zacks Research upgraded shares of Fluor from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.29.
Get Our Latest Report on FLR
Fluor Company Profile
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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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