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.
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.
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.
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