Fluor Co. (NYSE:FLR) Director Matthew K. Rose Acquires 40,000 Shares

Fluor Co. (NYSE:FLRGet Rating) Director Matthew K. Rose purchased 40,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were bought at an average price of $25.63 per share, for a total transaction of $1,025,200.00. Following the completion of the transaction, the director now directly owns 80,764 shares in the company, valued at approximately $2,069,981.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Fluor stock opened at $27.18 on Tuesday. The firm’s 50 day simple moving average is $27.99 and its 200-day simple moving average is $24.57. The company has a market cap of $3.86 billion, a P/E ratio of -34.40, a price-to-earnings-growth ratio of 0.62 and a beta of 2.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.43 and a quick ratio of 1.42. Fluor Co. has a fifty-two week low of $14.41 and a fifty-two week high of $31.32.

Fluor (NYSE:FLRGet Rating) last released its earnings results on Friday, May 6th. The construction company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Fluor had a positive return on equity of 10.72% and a negative net margin of 0.63%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. On average, analysts expect that Fluor Co. will post 1.29 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank N A MO purchased a new position in Fluor during the fourth quarter valued at approximately $41,000. FNY Investment Advisers LLC purchased a new position in Fluor during the first quarter valued at approximately $47,000. Vectors Research Management LLC purchased a new position in Fluor during the fourth quarter valued at approximately $50,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Fluor by 113.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,288 shares of the construction company’s stock valued at $57,000 after purchasing an additional 1,215 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Fluor by 43.7% during the third quarter. Macquarie Group Ltd. now owns 6,590 shares of the construction company’s stock valued at $105,000 after purchasing an additional 2,003 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Fluor in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup lifted their price objective on shares of Fluor from $29.00 to $31.00 in a research note on Monday, May 9th. Zacks Investment Research cut shares of Fluor from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research note on Monday, May 2nd. Finally, Robert W. Baird raised shares of Fluor from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $30.00 to $29.00 in a research note on Wednesday, February 23rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.83.

Fluor Company Profile (Get Rating)

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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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