Fluor (NYSE:FLR) Insider Tracey Cook Sells 2,589 Shares of Stock
by Amy Steele · The Cerbat GemFluor Corporation (NYSE:FLR – Get Free Report) insider Tracey Cook sold 2,589 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $53.22, for a total transaction of $137,786.58. Following the transaction, the insider owned 10,731 shares in the company, valued at $571,103.82. This represents a 19.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Fluor Stock Down 3.9%
FLR traded down $2.07 on Monday, hitting $51.62. The company had a trading volume of 4,003,155 shares, compared to its average volume of 2,947,720. Fluor Corporation has a 52-week low of $29.20 and a 52-week high of $57.50. The stock has a fifty day simple moving average of $44.56 and a 200-day simple moving average of $43.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market capitalization of $7.57 billion, a P/E ratio of -66.18, a P/E/G ratio of 1.37 and a beta of 1.37.
Fluor (NYSE:FLR – Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company posted $0.48 EPS. Fluor’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that Fluor Corporation will post 2.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Fluor
Institutional investors have recently made changes to their positions in the business. DLD Asset Management LP purchased a new stake in Fluor during the second quarter valued at approximately $1,025,400,000. Starboard Value LP bought a new stake in shares of Fluor during the 4th quarter valued at $205,732,000. Rubric Capital Management LP purchased a new stake in shares of Fluor in the 2nd quarter worth $205,080,000. AQR Capital Management LLC raised its holdings in Fluor by 163.1% in the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after purchasing an additional 3,203,712 shares during the period. Finally, Sourcerock Group LLC purchased a new position in Fluor during the second quarter valued at $85,327,000. Institutional investors own 88.07% of the company’s stock.
Wall Street Analysts Forecast Growth
FLR has been the topic of several analyst reports. Robert W. Baird boosted their target price on Fluor from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Citigroup upped their price target on shares of Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Finally, DA Davidson increased their price objective on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.29.
View Our Latest Research Report on FLR
About Fluor
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.