Fluor Co. (NYSE:FLR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Fluor Co. (NYSE:FLR) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $60.86.

A number of research analysts recently commented on FLR shares. Truist Financial raised their price objective on shares of Fluor from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Robert W. Baird reiterated a “neutral” rating and set a $58.00 price target (up from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. UBS Group upped their price objective on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. KeyCorp lifted their target price on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and upped their price target for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd.

Fluor Stock Up 0.9 %

Shares of Fluor stock opened at $50.69 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. Fluor has a 1-year low of $35.04 and a 1-year high of $60.10. The business’s fifty day moving average price is $53.56 and its two-hundred day moving average price is $49.37. The company has a market capitalization of $8.69 billion, a P/E ratio of 33.79, a PEG ratio of 4.36 and a beta of 1.89.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Fluor’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share. As a group, research analysts forecast that Fluor will post 2.62 EPS for the current year.

Insiders Place Their Bets

In other Fluor news, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction 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 directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief financial officer now owns 53,527 shares in the company, valued at $2,676,885.27. This represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,312 shares of company stock worth $4,049,707. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

Several institutional investors have recently made changes to their positions in the stock. Aequim Alternative Investments LP grew its stake in Fluor by 6.0% in 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 grew its stake in shares of Fluor by 139.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock valued at $819,000 after buying an additional 9,992 shares in the last quarter. AQR Capital Management LLC increased its holdings in Fluor by 63.8% in the second quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company’s stock worth $24,771,000 after buying an additional 222,070 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after acquiring an additional 457,220 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Fluor by 67.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company’s stock valued at $2,345,000 after acquiring an additional 19,836 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.