DA Davidson Issues Positive Forecast for Fluor (NYSE:FLR) Stock Price

Fluor (NYSE:FLR) had its target price raised by equities research analysts at DA Davidson from $58.00 to $65.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. DA Davidson’s price objective would indicate a potential upside of 29.05% from the company’s current price. DA Davidson also issued estimates for Fluor’s Q4 2024 earnings at $0.79 EPS and FY2025 earnings at $2.98 EPS.

A number of other brokerages have also recently issued reports on FLR. Truist Financial lifted their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their price objective on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Barclays lifted their price objective on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, KeyCorp boosted their target price on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Fluor has a consensus rating of “Moderate Buy” and an average price target of $60.29.

Fluor Stock Up 3.9 %

Shares of FLR opened at $50.37 on Tuesday. Fluor has a 12 month low of $35.04 and a 12 month high of $60.10. The firm’s 50 day moving average is $49.89 and its 200-day moving average is $46.63. The stock has a market capitalization of $8.64 billion, a PE ratio of 33.58, a P/E/G ratio of 2.32 and a beta of 1.90. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 earnings per share. Equities research analysts forecast that Fluor will post 2.61 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction on Monday, October 7th. The shares were sold at an average price of $50.30, for a total transaction of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the transaction, the chief financial officer now owns 57,834 shares in the company, valued at approximately $2,751,163.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the transaction, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,261 shares of company stock valued at $1,528,574. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fluor

Several hedge funds and other institutional investors have recently bought and sold shares of FLR. ORG Partners LLC bought a new stake in shares of Fluor during the second quarter worth about $34,000. GAMMA Investing LLC increased its position in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after acquiring an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Fluor by 6,642.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after acquiring an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor during the second quarter worth about $51,000. Finally, Quest Partners LLC bought a new stake in shares of Fluor during the second quarter worth about $52,000. 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.