Fluor Co. (NYSE:FLR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Fluor Co. (NYSE:FLR) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $60.29.

A number of research analysts recently issued reports on FLR shares. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Barclays upped their target price on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. DA Davidson raised their price objective on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp raised their price objective on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Truist Financial raised their price objective on Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th.

Fluor Trading Down 2.6 %

Shares of FLR stock opened at $48.50 on Wednesday. Fluor has a 12-month low of $35.04 and a 12-month high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $49.82 and a two-hundred day moving average price of $46.60. The firm has a market cap of $8.31 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.21 and a beta of 1.90.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Fluor will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the sale, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the transaction, the chief financial officer now directly owns 53,527 shares in the company, valued at $2,676,885.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joseph L. Brennan sold 15,335 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 57,834 shares in the company, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,261 shares of company stock worth $1,528,574. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Fluor

A number of institutional investors and hedge funds have recently modified their holdings of FLR. Hood River Capital Management LLC purchased a new position in shares of Fluor in the 2nd quarter worth $47,559,000. Westfield Capital Management Co. LP purchased a new position in Fluor during the third quarter valued at $39,289,000. Rubric Capital Management LP lifted its position in Fluor by 23.6% during the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after purchasing an additional 614,521 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after purchasing an additional 457,220 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Fluor by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after purchasing an additional 323,111 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Company Profile

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.