Fluor Co. (NYSE:FLR) Receives $54.71 Average PT from Brokerages

Fluor Co. (NYSE:FLR) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $54.71.

A number of research analysts recently commented on the company. Robert W. Baird increased their target price on Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. DA Davidson increased their target price on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Citigroup increased their target price on Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. UBS Group increased their target price on Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Truist Financial upped their price target on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th.

Fluor Trading Up 1.1 %

Shares of FLR stock opened at $51.64 on Friday. The company’s fifty day simple moving average is $47.93 and its two-hundred day simple moving average is $44.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77. Fluor has a 1 year low of $32.31 and a 1 year high of $51.67. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.18 and a beta of 1.91.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. As a group, analysts anticipate that Fluor will post 2.88 earnings per share for the current year.

Insider Transactions at Fluor

In related news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total transaction of $628,030.00. Following the transaction, the chief accounting officer now owns 55,965 shares in the company, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction on Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at approximately $2,676,885.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total transaction of $628,030.00. Following the completion of the sale, the chief accounting officer now owns 55,965 shares in the company, valued at approximately $2,703,669.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,261 shares of company stock worth $2,156,604 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Fluor

A number of large investors have recently made changes to their positions in the business. ClariVest Asset Management LLC boosted its stake in shares of Fluor by 0.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after purchasing an additional 233 shares during the period. Xponance Inc. boosted its position in Fluor by 1.2% in the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after buying an additional 265 shares during the period. JGP Wealth Management LLC boosted its position in Fluor by 5.6% in the 3rd quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock valued at $253,000 after buying an additional 283 shares during the period. GAMMA Investing LLC boosted its position in Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after buying an additional 285 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Fluor by 0.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after buying an additional 286 shares during the period. 88.07% of the stock is currently 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.