Insider Selling: Fluor Corp. Insider Unloads 3,418 Shares of Stock (FLR)
Fluor Corp. (NYSE:FLR) Insider David R. Dunning sold 3,418 shares of the stock on the open market in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $83.00, for a total value of $283,694.00. Following the transaction, the insider now directly owns 25,835 shares in the company, valued at approximately $2,144,305. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Fluor Corp. (NYSE:FLR) last released its 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.
A number of analysts have recently weighed in on FLR shares. Analysts at Canaccord Genuity upgraded shares of Fluor Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Fluor Corp. has a consensus rating of “Buy” and an average price target of $82.83.
Fluor Corporation (NYSE:FLR) is a holding company.
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