Fluor Co. (NYSE:FLR) CFO Joseph L. Brennan Sells 295 Shares

Fluor Co. (NYSE:FLR – Get Your Free Report ) CFO Joseph L. Brennan sold 295 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $47.50, for a total value of $14,012.50. Following the completion of the sale, the chief financial officer now owns 57,539 shares of the company’s stock, valued at $2,733,102.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink.

Fluorine stock performance

Shares of FLR traded down $0.54 during trading on Monday, reaching $46.65. 1,400,175 shares of the company traded hands, compared to its average volume of 1,532,407. Fluor Co. has a 1 year low of $32.31 and a 1 year high of $51.64. The company has a market cap of $7.99 billion, a PE ratio of 27.16, a P/E/G ratio of 1.91 and a beta of 1.91. The stock’s 50-day simple moving average is $47.70, and its 200-day simple moving average is $43.75. 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 (NYSE:FLR – Get Your Free Report ) last posted its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.34 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company’s quarterly revenue was up 7.3% year over year. During the same period in the previous year, the firm earned $0.76 EPS. On average, equities analysts expect that Fluor Co. to post 2.9 earnings per share for the current fiscal year.

The Wall Street analyst weighs in

Several equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Barclays boosted their price objective on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Robert W. Baird upped their target price on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. DA Davidson raised their target price on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective on the stock in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Moderate Buy” and an average price target of $54.00, according to MarketBeat .

Get the latest Fluor stock report

Institutional Investors Weigh Fluor

Institutional investors have recently modified their holdings of the business. Rise Advisors LLC purchased a new position in Fluor in the 1st quarter worth $28,000. ORG Partners LLC purchased a new position in shares of Fluor in the second quarter worth about $34,000. GAMMA Investing LLC boosted its holdings in Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after buying an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Fluor in the second quarter valued at approximately $51,000. 88.07% of shares are currently held by institutional investors and hedge funds.

Fluor Company Profile

(Get a free report)

Fluor Corporation provides engineering, procurement and construction (EPC) services; manufacturing 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.

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