Fluor Co. (NEW) (FLR) Insider Ray F. Barnard Sells 7,515 Shares

Fluor Co. (NEW) (NYSE:FLR) insider Ray F. Barnard sold 7,515 shares of Fluor Co. (NEW) stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.57, for a total value of $282,338.55. Following the transaction, the insider now directly owns 86,572 shares of the company’s stock, valued at approximately $3,252,510.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

FLR opened at $36.80 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.52 and a quick ratio of 1.12. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.59 and a beta of 1.75. Fluor Co. has a 12 month low of $29.78 and a 12 month high of $62.08.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, February 21st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.61 by $0.16. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Fluor Co. (NEW) had a return on equity of 11.94% and a net margin of 1.17%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. As a group, sell-side analysts forecast that Fluor Co. will post 2.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, March 1st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 39.07%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Semmax Financial Advisors Inc. purchased a new stake in shares of Fluor Co. (NEW) during the 4th quarter worth about $33,000. Synovus Financial Corp grew its holdings in shares of Fluor Co. (NEW) by 542.5% during the 4th quarter. Synovus Financial Corp now owns 1,150 shares of the construction company’s stock worth $37,000 after purchasing an additional 971 shares during the period. CSat Investment Advisory L.P. grew its holdings in shares of Fluor Co. (NEW) by 248.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,633 shares of the construction company’s stock worth $53,000 after purchasing an additional 1,165 shares during the period. Fort L.P. purchased a new stake in shares of Fluor Co. (NEW) during the 4th quarter worth about $64,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Fluor Co. (NEW) during the 4th quarter worth about $64,000. Institutional investors own 88.58% of the company’s stock.

FLR has been the subject of a number of recent research reports. ValuEngine upgraded Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research cut Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Credit Suisse Group reiterated a “buy” rating and set a $56.00 price objective on shares of Fluor Co. (NEW) in a research report on Monday, February 11th. Goldman Sachs Group cut Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and dropped their price objective for the stock from $59.00 to $44.00 in a research report on Wednesday, December 12th. Finally, MKM Partners reiterated a “neutral” rating and set a $39.00 price objective on shares of Fluor Co. (NEW) in a research report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.69.

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About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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