Fluor (NYSE:FLR) Upgraded at StockNews.com

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other equities analysts have also commented on the stock. Barclays set a $40.00 price objective on shares of Fluor and gave the stock 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 report on Wednesday, December 18th. Truist Financial cut their target price on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird cut their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, DA Davidson decreased their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fluor currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Price Performance

Fluor stock opened at $36.87 on Friday. Fluor has a 52 week low of $36.00 and a 52 week high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $46.96 and its 200 day simple moving average is $49.58. The firm has a market capitalization of $6.22 billion, a PE ratio of 3.02, a P/E/G ratio of 1.36 and a beta of 1.89.

Fluor (NYSE:FLR) last issued 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). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities research analysts predict that Fluor will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Fluor

Several institutional investors and hedge funds have recently bought and sold shares of FLR. Versant Capital Management Inc increased its position in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares in the last quarter. Sterling Capital Management LLC grew its position in Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Fluor during the 4th quarter valued at $33,000. Smartleaf Asset Management LLC lifted its holdings in shares of Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after purchasing an additional 287 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Fluor in the fourth quarter worth $57,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.