Fluor Corporation (NYSE:FLR) insider Mark A. Landry sold 390 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $49.24, for a total value of $19,203.60. Following the completion of the sale, the insider now owns 9,084 shares of the company’s stock, valued at approximately $447,296.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fluor Corporation (NYSE:FLR) traded up $0.29 during trading on Wednesday, reaching $49.15. The company’s stock had a trading volume of 1,020,233 shares, compared to its average volume of 1,422,187. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. The stock has a market capitalization of $6,908.44, a price-to-earnings ratio of 17.77, a P/E/G ratio of 3.44 and a beta of 1.46. Fluor Corporation has a one year low of $37.03 and a one year high of $58.37.

Fluor (NYSE:FLR) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.73 billion. Fluor had a return on equity of 11.69% and a net margin of 1.03%. Fluor’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. research analysts anticipate that Fluor Corporation will post 1.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, December 4th. Fluor’s payout ratio is presently 58.74%.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. UBS boosted their price target on Fluor from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of Fluor in a report on Friday, September 22nd. Robert W. Baird reiterated a “hold” rating and issued a $40.00 price target on shares of Fluor in a report on Tuesday, September 5th. Finally, Citigroup set a $53.00 price target on Fluor and gave the company a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.45.

Several hedge funds have recently modified their holdings of FLR. Bank of Montreal Can increased its position in shares of Fluor by 12.2% during the second quarter. Bank of Montreal Can now owns 41,045 shares of the construction company’s stock worth $1,879,000 after purchasing an additional 4,463 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Fluor by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the construction company’s stock worth $398,000 after purchasing an additional 100 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Fluor by 38.2% during the second quarter. Russell Investments Group Ltd. now owns 315,027 shares of the construction company’s stock worth $14,423,000 after purchasing an additional 87,014 shares in the last quarter. ING Groep NV increased its position in shares of Fluor by 0.8% during the second quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock worth $328,000 after purchasing an additional 55 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Fluor by 7.6% during the second quarter. Strs Ohio now owns 11,949 shares of the construction company’s stock worth $547,000 after purchasing an additional 849 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors and hedge funds.

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Fluor 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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