Fluor (NYSE:FLR) Given New $64.00 Price Target at KeyCorp

Fluor (NYSE:FLR) had its target price hoisted by KeyCorp from $57.00 to $64.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the stock. 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 report on Wednesday, October 9th. Barclays lifted their price target on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Robert W. Baird increased their price objective on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. DA Davidson boosted 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. Finally, UBS Group raised their price target on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus price target of $59.29.

Fluor Stock Down 13.6 %

Shares of NYSE:FLR traded down $8.01 during trading on Thursday, hitting $50.92. 12,420,681 shares of the company’s stock traded hands, compared to its average volume of 1,651,582. The company has a 50-day moving average price of $49.79 and a 200-day moving average price of $46.32. Fluor has a 52 week low of $34.17 and a 52 week high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.90.

Insider Buying and Selling at Fluor

In related news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following the completion of the transaction, the chief accounting officer now owns 55,965 shares in the company, valued at approximately $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Joseph L. Brennan sold 11,619 shares of the business’s 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 owns 41,908 shares in the company, valued at $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders sold a total of 44,261 shares of company stock worth $2,156,604 over the last quarter. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new stake in Fluor during the second quarter worth approximately $34,000. GAMMA Investing LLC raised its position in Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fluor during the 2nd quarter worth $51,000. Finally, Quest Partners LLC acquired a new stake in Fluor in the second quarter valued at 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.