Fluor Corporation has recently seen insider trading activity involving its Chief Financial Officer, Joseph L. Brennan. This level of insider selling may raise concerns about the company's prospects.
Brennan sold 4,012 shares at an average price of $50.01, reducing his ownership to 53,527 shares valued at about $2.68 million. In the last 90 days, insiders have sold a total of 44,261 shares worth approximately $2.16 million.
Institutional investors and hedge funds have also made adjustments to their holdings in Fluor Corporation. ClariVest Asset Management LLC increased its stake by 0.3%, Xponance Inc. raised its holdings by 1.2%, JGP Wealth Management LLC increased its stake by 5.6%, GAMMA Investing LLC raised its holdings by 46.4%, and Mirae Asset Global Investments Co. Ltd. increased its stake by 0.4%. Collectively, hedge funds and institutional investors own about 88.07% of Fluor's stock, indicating strong institutional confidence in the company.
Fluor Corporation operates in various sectors, including energy transition markets, which positions it well for future growth.
Despite recent insider selling, Fluor holds a "Moderate Buy" rating among analysts, although there are other stocks that analysts believe are better investment opportunities. Investors should consider these ratings and the overall market environment when evaluating Fluor as a potential investment.