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

Fluor Co. (NYSE:FLR) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on 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 firms have commented on FLR. Truist Financial lifted 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. KeyCorp boosted their price target on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. DA Davidson increased their price objective on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. Finally, UBS Group increased their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 4,012 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the sale, the chief financial officer now owns 53,527 shares in the company, valued at approximately $2,676,885.27. This represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,312 shares of company stock worth $4,049,707. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluor

Institutional investors and hedge funds have recently made changes to their positions in the business. Aequim Alternative Investments LP raised its position in Fluor by 6.0% during the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after acquiring an additional 41,800 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Fluor by 139.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after purchasing an additional 9,992 shares during the last quarter. AQR Capital Management LLC lifted its stake in Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company’s stock valued at $24,771,000 after buying an additional 222,070 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after buying an additional 457,220 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Fluor by 67.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company’s stock worth $2,345,000 after buying an additional 19,836 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of FLR opened at $49.32 on Thursday. The firm has a fifty day moving average price of $53.15 and a 200 day moving average price of $49.55. The stock has a market cap of $8.46 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 4.36 and a beta of 1.89. Fluor has a 1-year low of $35.04 and a 1-year high of $60.10. 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 (NYSE:FLR) last announced its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share. As a group, sell-side analysts anticipate that Fluor will post 2.62 EPS for the current year.

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.