Fluor Corporation (NYSE:FLR - Get Free Report) insider Pierre Edward Bechelany sold 5,000 shares of the business's 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 sale, the insider owned 36,064 shares in the company, valued at $1,992,175.36. This represents a 12.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fluor Stock Performance
NYSE:FLR opened at $52.47 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $7.33 billion, a P/E ratio of -4.27, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. The firm has a 50-day moving average price of $50.90 and a two-hundred day moving average price of $48.60. Fluor Corporation has a twelve month low of $39.33 and a twelve month high of $57.93.
Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the business earned $0.43 earnings per share. The company's quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts expect that Fluor Corporation will post 2.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Fluor
Institutional investors and hedge funds have recently bought and sold shares of the stock. West Family Investments Inc. acquired a new position in shares of Fluor in the 2nd quarter valued at $206,000. Great Lakes Advisors LLC acquired a new stake in shares of Fluor during the 2nd quarter worth $378,000. First National Bank of Omaha purchased a new position in shares of Fluor in the 2nd quarter worth $8,804,000. Energy Income Partners LLC acquired a new position in Fluor in the second quarter valued at $5,826,000. Finally, Meeder Asset Management Inc. acquired a new position in Fluor in the second quarter valued at $2,726,000. Institutional investors and hedge funds own 88.07% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on FLR shares. Barclays raised their price target on Fluor from $40.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Monday. Robert W. Baird increased their price objective on Fluor from $49.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday. Citigroup lifted their price objective on Fluor from $56.00 to $68.00 and gave the stock a "buy" rating in a research report on Monday. UBS Group boosted their target price on shares of Fluor from $59.00 to $66.00 and gave the company a "buy" rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fluor in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $63.33.
Check Out Our Latest Report on Fluor
Fluor Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
