Fluor Co. (NYSE:FLR) Given Consensus Rating of “Moderate Buy” by Analysts

Fluor Co. (NYSE:FLR) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $54.71.

Several research firms have issued reports on FLR. DA Davidson increased their price objective on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Citigroup increased their price objective on Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. UBS Group raised 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. Robert W. Baird raised 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. Finally, Truist Financial raised their target price on Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th.

Fluor Stock Up 2.1 %

Shares of Fluor stock opened at $54.99 on Friday. The stock has a market capitalization of $9.41 billion, a P/E ratio of 31.97, a PEG ratio of 2.18 and a beta of 1.91. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $48.39 and a two-hundred day moving average price of $45.07. Fluor has a 12-month low of $32.31 and a 12-month high of $55.75.

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

Insider Activity at Fluor

In other 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 directly owns 55,965 shares of the company’s stock, valued at $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the sale, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at approximately $2,107,972.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John C. Regan sold 13,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the sale, the chief accounting officer now directly owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,261 shares of company stock worth $2,156,604. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Fluor

Large investors have recently bought and sold shares of the business. Raymond James & Associates grew its stake in shares of Fluor by 9.4% during the 3rd quarter. Raymond James & Associates now owns 96,025 shares of the construction company’s stock worth $4,581,000 after acquiring an additional 8,232 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Fluor during the 3rd quarter worth approximately $204,000. Vontobel Holding Ltd. acquired a new stake in shares of Fluor in the 3rd quarter valued at approximately $418,000. Creative Planning boosted its holdings in shares of Fluor by 35.5% in the 3rd quarter. Creative Planning now owns 42,001 shares of the construction company’s stock valued at $2,004,000 after buying an additional 11,014 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Fluor by 56.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 11,133 shares of the construction company’s stock valued at $531,000 after buying an additional 4,015 shares during the last quarter. 88.07% of the stock is owned by 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.