Pierre Edward Bechelany Sells 4,581 Shares of Fluor (NYSE:FLR) Stock

Fluor Corporation (NYSE:FLR) insider Pierre Edward Bechelany sold 4,581 shares of Fluor stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $53.10, for a total value of $243,251.10. Following the sale, the insider owned 32,748 shares in the company, valued at $1,738,918.80. This represents a 12.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fluor Stock Down 3.9%

FLR traded down $2.07 during trading on Monday, reaching $51.62. The stock had a trading volume of 4,003,155 shares, compared to its average volume of 2,947,720. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of -66.18, a P/E/G ratio of 1.37 and a beta of 1.37. The stock’s 50 day moving average is $44.56 and its two-hundred day moving average is $43.97. Fluor Corporation has a one year low of $29.20 and a one year high of $57.50.

Fluor (NYSE:FLR) last released its earnings results 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). The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. As a group, analysts expect that Fluor Corporation will post 2.5 earnings per share for the current year.

Hedge Funds Weigh In On Fluor

Several hedge funds and other institutional investors have recently bought and sold shares of FLR. MTM Investment Management LLC bought a new stake in shares of Fluor in the second quarter worth approximately $26,000. Global Retirement Partners LLC boosted its holdings in Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after purchasing an additional 311 shares during the last quarter. Assetmark Inc. grew its position in Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after purchasing an additional 483 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Fluor during the 4th quarter valued at $27,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after buying an additional 566 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. DA Davidson lifted their price objective on Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. 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. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.29.

Fluor Company Profile

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.