Insider Selling: Fluor Co. (NEW) (FLR) EVP Sells 3,908 Shares of Stock

Fluor Co. (NEW) (NYSE:FLR) EVP Garry William Flowers sold 3,908 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $57.40, for a total transaction of $224,319.20. Following the completion of the transaction, the executive vice president now directly owns 59,830 shares in the company, valued at $3,434,242. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fluor Co. (FLR) opened at $58.52 on Friday. Fluor Co. has a 1 year low of $37.04 and a 1 year high of $62.09. The company has a market cap of $7,998.50, a PE ratio of 43.03, a P/E/G ratio of 1.05 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.57.

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Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Fluor Co. (NEW) had a net margin of 0.98% and a return on equity of 10.95%. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same period last year, the firm earned $0.82 earnings per share. Fluor Co. (NEW)’s revenue for the quarter was up .8% compared to the same quarter last year. analysts anticipate that Fluor Co. will post 3.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.44%. Fluor Co. (NEW)’s payout ratio is 61.76%.

Several equities analysts have recently weighed in on FLR shares. Barclays increased their price objective on shares of Fluor Co. (NEW) from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Credit Suisse Group raised shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and set a $71.00 price objective on the stock in a research report on Thursday, January 18th. Robert W. Baird raised shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $61.00 in a research report on Wednesday, January 3rd. ValuEngine lowered shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Fluor Co. (NEW) has a consensus rating of “Hold” and a consensus price target of $58.00.

Institutional investors have recently made changes to their positions in the business. American Beacon Advisors Inc. acquired a new stake in Fluor Co. (NEW) during the fourth quarter worth about $120,000. SeaCrest Wealth Management LLC acquired a new stake in Fluor Co. (NEW) during the fourth quarter worth about $135,000. Balentine LLC grew its stake in Fluor Co. (NEW) by 99.1% during the third quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after buying an additional 1,393 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in Fluor Co. (NEW) during the fourth quarter worth about $145,000. Finally, Mission Wealth Management LP acquired a new stake in Fluor Co. (NEW) during the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 87.05% of the company’s stock.

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Fluor Co. (NEW) Company Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

Insider Buying and Selling by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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