KeyCorp Increases Fluor (NYSE:FLR) Price Target to $64.00

Fluor (NYSE:FLR) had its target price hoisted by equities researchers at KeyCorp from $57.00 to $64.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective would indicate a potential upside of 8.60% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. Truist Financial upped their target price on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. DA Davidson lifted their price target on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group lifted their target price on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lifted their price objective on shares of Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and an average price target of $59.29.

Fluor Stock Up 0.3 %

NYSE FLR traded up $0.19 on Thursday, hitting $58.93. 2,154,302 shares of the stock traded hands, compared to its average volume of 1,594,845. The company has a market capitalization of $10.09 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.29 and a beta of 1.90. Fluor has a twelve month low of $34.09 and a twelve month high of $60.10. The stock has a 50-day moving average of $49.60 and a 200 day moving average of $46.23. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51.

Insider Activity at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the sale, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at $2,107,972.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the sale, the chief financial officer now directly owns 41,908 shares in the company, valued at $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the transaction, the chief financial officer now owns 57,834 shares in the company, valued at approximately $2,751,163.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,261 shares of company stock worth $2,156,604. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of Fluor by 20.3% during the 1st quarter. Janus Henderson Group PLC now owns 78,374 shares of the construction company’s stock valued at $3,311,000 after buying an additional 13,203 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Fluor by 230.5% during the second quarter. Harbor Capital Advisors Inc. now owns 59,403 shares of the construction company’s stock worth $2,587,000 after purchasing an additional 41,428 shares during the last quarter. Swiss National Bank lifted its stake in Fluor by 19.1% during the first quarter. Swiss National Bank now owns 336,400 shares of the construction company’s stock worth $14,223,000 after purchasing an additional 53,900 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company’s stock worth $24,771,000 after purchasing an additional 222,070 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Fluor by 19.8% in the 1st quarter. Russell Investments Group Ltd. now owns 226,306 shares of the construction company’s stock valued at $9,568,000 after purchasing an additional 37,435 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

About Fluor

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.