Fluor (NYSE:FLR) Raised to Buy at StockNews.com

Fluor (NYSE:FLR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other analysts also recently issued reports on FLR. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Robert W. Baird dropped their target price on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday. Truist Financial decreased their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup dropped their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, DA Davidson reduced their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.43.

Fluor Stock Up 0.6 %

NYSE FLR traded up $0.25 during mid-day trading on Thursday, reaching $39.78. The stock had a trading volume of 4,492,507 shares, compared to its average volume of 3,226,482. The stock has a market cap of $6.82 billion, a PE ratio of 3.26, a price-to-earnings-growth ratio of 3.25 and a beta of 1.89. Fluor has a 1 year low of $35.04 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The company has a fifty day moving average price of $49.00 and a 200 day moving average price of $50.07.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 18.20% and a net margin of 13.14%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. On average, research analysts expect that Fluor will post 2.5 earnings per share for the current year.

Insider Activity at Fluor

In other Fluor news, insider Mark E. Fields sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the transaction, the insider now owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fluor

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Fluor by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after acquiring an additional 168,822 shares during the period. Geode Capital Management LLC boosted its stake in Fluor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after purchasing an additional 51,018 shares during the period. Alliancebernstein L.P. grew its holdings in Fluor by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock valued at $152,596,000 after buying an additional 107,327 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fluor by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock valued at $124,087,000 after buying an additional 25,528 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Fluor by 12.9% in the fourth quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock worth $117,971,000 after buying an additional 273,156 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

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.