Joseph L. Brennan Sells 15,335 Shares of Fluor Co. (NYSE:FLR) Stock

Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan sold 15,335 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the sale, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Fluor Stock Down 0.8 %

Shares of NYSE FLR opened at $46.30 on Wednesday. The stock has a market capitalization of $7.93 billion, a P/E ratio of 26.92, a PEG ratio of 1.91 and a beta of 1.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77. Fluor Co. has a one year low of $32.31 and a one year high of $51.64. The firm’s 50 day simple moving average is $47.58 and its two-hundred day simple moving average is $43.88.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.17. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. Fluor’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. As a group, analysts expect that Fluor Co. will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the topic of several research analyst reports. Truist Financial upped their price target on shares of Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, August 5th. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a report on Wednesday, July 17th. UBS Group boosted their price objective on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. DA Davidson lifted their target price on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Citigroup increased their price target on shares of Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Fluor currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in shares of Fluor in the 1st quarter worth approximately $28,000. ORG Partners LLC bought a new stake in Fluor during the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC grew its holdings in shares of Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after acquiring an additional 285 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Company Profile

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.