Fluor Corporation (NYSE: FLR) is 21.57% higher on its value in year-to-date trading and has touched a low of $32.31 and a high of $51.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLR stock was last observed hovering at around $46.92 in the last trading session, with the day’s gains setting it 0.7%.
Currently trading at $47.62, the stock is 3.30% and 0.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 1.49% at the moment leaves the stock 12.56% off its SMA200. FLR registered 33.84% gain for a year compared to 6-month gain of 12.47%. The firm has a 50-day simple moving average (SMA 50) of $47.3972 and a 200-day simple moving average (SMA200) of $42.3445.
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The stock witnessed a 0.63% loss in the last 1 month and extending the period to 3 months gives it a 7.88%, and is 4.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.21% over the week and 2.52% over the month.
Fluor Corporation (FLR) has around 30187 employees, a market worth around $8.16B and $15.74B in sales. Current P/E ratio is 20.41 and Fwd P/E is 14.60. Profit margin for the company is 2.38%. Distance from 52-week low is 47.38% and -7.78% from its 52-week high. The company has generated returns on investments over the last 12 months (11.44%).
The EPS is expected to grow by 5.45% this year
524.0 institutions hold shares in Fluor Corporation (FLR), with institutional investors hold 93.67% of the company’s shares. The shares outstanding are 170.41M, and float is at 169.06M with Short Float at 4.04%. Institutions hold 92.36% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 20.89 million shares valued at $909.57 million. The investor’s holdings represent 12.2139 of the FLR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.36 million shares valued at $755.87 million to account for 10.1499 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 14.83 million shares representing 8.6742 and valued at over $645.97 million, while FMR LLC holds 8.4824 of the shares totaling 14.5 million with a market value of $631.69 million.
Fluor Corporation (FLR) Insider Activity
The most recent transaction is an insider sale by Brennan Joseph L, the company’s EVP, CHIEF FINANCIAL OFFICER. SEC filings show that Brennan Joseph L sold 15,335 shares of the company’s common stock on Sep 20 ’24 at a price of $47.57 per share for a total of $0.73 million. Following the sale, the insider now owns 57834.0 shares.
Fluor Corporation disclosed in a document filed with the SEC on Sep 23 ’24 that Brennan Joseph L (EVP, CHIEF FINANCIAL OFFICER) sold a total of 295 shares of the company’s common stock. The trade occurred on Sep 23 ’24 and was made at $47.50 per share for $14012.0. Following the transaction, the insider now directly holds 57539.0 shares of the FLR stock.
Still, SEC filings show that on Sep 05 ’24, Brennan Joseph L (EVP, CHIEF FINANCIAL OFFICER) disposed off 31,260 shares at an average price of $46.65 for $1.46 million. The insider now directly holds 73,169 shares of Fluor Corporation (FLR).
