Chairman and CEO Seaton David Thomas acquired 5,158 shares in Fluor Corporation (NYSE:FLR) for $301,400 in transaction occurred on 2018/11/06. After making this transaction, the Chairman and CEO owns a direct stake of 250,266 shares, worth $11,254,276, as per the last closing price. On 2018/05/17 Locklear Samuel J, Director at FLR, purchased 353 shares at an average price of $49.41 per share. The new stake is valued at $245,921.
Separately, it had been reported that some other FLR insiders also took part of the insider trading activity. Director, Fluor Peter J had invested in 50,000 shares for $143,220 through a trade on 2018/05/08. Following this activity, the insider holds 2,227,000 shares worth $5,347,835 as of recent close. Wall Street’s most bullish Fluor Corporation (NYSE:FLR) analysts are predicting the share price to blow past $74 per share during the next 12 months. The current median share price forecast by them is $59, suggesting that the stock could increase 58.01% in that time frame. The average price target of $57.93 calls for a nearly 55.14% increase in the stock price.
Fluor Corporation (FLR) trading activity significantly improved as the volume at ready counter increased to 3,351,158 shares versus 2,062,600 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,543,504 shares. The share price dropped -3.66% in recent trade and currently has a stock-market value of $5.27B. The shares finished at $37.34, after trading as low as $35.65 earlier in the session. It hit an intraday high Thursday at $37.695. The stock is now -2.74% above against its bear-market low of $38.39 on December 06, 2018. It has retreated -66.28% since it’s 52-week high of $62.09 reached in January. Now the market price is down -23.58% on the year and down -27.71% YTD.
FLR’s 50 day simple moving average (SMA 50) price is $47.38 and its 200-day simple moving average (SMA 200) price is $52.32. The company’s stock currently has a total float of 139.98M shares. Its weekly volatility is hovering around 4.18% and felt 3.67% volatility in price over a month. On the upside, the share price will test short term resistance at around $38.14. On a downside, the stock is likely to find some support, which begins at $36.1. The failure to get near-term support could push it to $34.85.
It had seen a positive analyst call from Goldman, which upgraded the stock from Neutral to Buy on October 18. Analysts at BofA/Merrill, shed their negative views on May 09 by lifting it fromUnderperform to Buy. The stock won favor of Credit Suisse analysts who expressed their confidence in it using an upgrade from Neutral to Outperform on January 18.
When looking at valuations, Fluor Corporation (FLR) has a cheap P/E of 16.97x as compared to industry average of 17.71x. Moreover, it trades for 11.94 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.73x price/book and 0.27x price/sales. Compared to others, Fluor Corporation is in a different league with regards to profitability, having net margins of 1.2%. To put some perspective around this, the industry’s average net margin is -17.56%. FLR’s ROE is 7.6%, which is also considerably worse than the industry’s ROE of 11.16%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.57.
Shares of Fluor Corporation (FLR) have dropped -13.5% since the company’s last earnings report. Over the past 12 fiscal quarters, Fluor Corporation (NYSE:FLR) has topped consensus earnings estimates in 6 quarters (50%), missed earnings in 6 quarters (50%), whereas at 0 occasion EPS met analyst expectations. FLR last reported earnings on November 01, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.55 per share, -95.94% change on the same period last year. That was worse than consensus for $0.64. Revenue for the recent quarter stood at $4.66 billion, down -6% on last year and below the $4.7 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $4.63 billion to $5.14 billion, which should be compared with $4.51 billion generated last year. EPS is seen in a range of $0.56 to $0.66, against the $0.64 reported a year ago.