Fluor (NYSE:FLR) Sets New 1-Year Low – Time to Sell?

Shares of Fluor Co. (NYSE:FLR) hit a new 52-week low during trading on Tuesday . The company traded as low as $35.83 and last traded at $35.84, with a volume of 43752 shares. The stock had previously closed at $36.92.

Wall Street Analysts Forecast Growth

FLR has been the topic of several recent analyst reports. Barclays set a $40.00 price target on shares of Fluor and gave the company an “equal weight” rating in a report on Thursday. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Saturday. KeyCorp increased their target price on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, DA Davidson lowered their target price on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.71.

Fluor Stock Down 3.7 %

The firm has a market cap of $6.00 billion, a PE ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.89. The stock has a 50 day simple moving average of $46.96 and a 200-day simple moving average of $49.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Sell-side analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Insider Activity at Fluor

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the transaction, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.

Institutional Trading of Fluor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC purchased a new stake in Fluor in the fourth quarter worth about $484,000. Exchange Traded Concepts LLC raised its stake in Fluor by 291.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock worth $2,151,000 after acquiring an additional 32,472 shares during the period. Aequim Alternative Investments LP lifted its holdings in Fluor by 6.0% during the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock valued at $35,437,000 after purchasing an additional 41,800 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Fluor by 139.1% in the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after purchasing an additional 9,992 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after purchasing an additional 457,220 shares in the last quarter. 88.07% of the stock is 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.