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

Fluor Co. (NYSE:FLR) Chairman David E. Constable sold 40,800 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Fluor Stock Performance

Fluor stock opened at $48.21 on Friday. The stock’s 50-day moving average is $38.16 and its 200-day moving average is $42.91. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 3.96, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.23. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. Equities analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of research analyst reports. Truist Financial raised their price target on Fluor from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Citigroup decreased their price target on Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Robert W. Baird set a $41.00 price target on Fluor in a research note on Monday, May 5th. Wall Street Zen lowered Fluor from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, KeyCorp cut their price objective on Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

Institutional Investors Weigh In On Fluor

Several hedge funds have recently modified their holdings of FLR. Hurley Capital LLC purchased a new stake in shares of Fluor during the 1st quarter valued at about $29,000. Sterling Capital Management LLC raised its holdings in shares of Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares during the period. Strategic Investment Solutions Inc. IL raised its holdings in shares of Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after buying an additional 800 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Fluor during the 4th quarter valued at about $33,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Fluor by 222.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock valued at $39,000 after buying an additional 760 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Fluor

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.