Fluor Corp. Insider Sells $1,501,830 in Stock (FLR)
Fluor Corp. (NYSE:FLR) Insider Garry William Flowers unloaded 18,315 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $82.00, for a total transaction of $1,501,830.00. Following the sale, the insider now directly owns 14,140 shares in the company, valued at approximately $1,159,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Fluor Corp. (NYSE:FLR) traded up 0.44% on Tuesday, hitting $82.41. The stock had a trading volume of 821,207 shares. Fluor Corp. has a 52-week low of $53.50 and a 52-week high of $82.24. The stock’s 50-day moving average is $78.31 and its 200-day moving average is $71.44. The company has a market cap of $13.462 billion and a price-to-earnings ratio of 27.19.
Fluor Corp. (NYSE:FLR) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Fluor Corp. will post $4.03 earnings per share for the current fiscal year.
FLR has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Fluor Corp. from $86.00 to $90.00 in a research note to investors on Tuesday, January 14th. Separately, analysts at Stephens initiated coverage on shares of Fluor Corp. in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fluor Corp. in a research note to investors on Thursday, December 5th. They now have a $81.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Fluor Corp. currently has a consensus rating of “Buy” and a consensus price target of $82.62.
Fluor Corporation (NYSE:FLR) is a holding company.
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