Fluor (NYSE:FLR) Stock Price Up 3.8% – What’s Next?

Fluor Co. (NYSE:FLR)’s stock price was up 3.8% during trading on Friday . The stock traded as high as $52.88 and last traded at $52.75. Approximately 352,158 shares traded hands during trading, a decline of 79% from the average daily volume of 1,681,200 shares. The stock had previously closed at $50.80.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird boosted their price target on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. KeyCorp boosted their price target 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. UBS Group boosted their price objective on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial raised their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays upped their price target on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

Fluor Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.99 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 3.93 and a beta of 1.90. The business’s 50 day simple moving average is $49.98 and its two-hundred day simple moving average is $46.65.

Fluor (NYSE:FLR) last posted its earnings results 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). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the company posted $1.02 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares in the company, valued at approximately $2,676,885.27. This trade represents a 6.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 31,261 shares of company stock valued at $1,528,574 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fluor

A number of institutional investors and hedge funds have recently bought and sold shares of FLR. ORG Partners LLC purchased a new position in shares of Fluor in the second quarter worth $34,000. GAMMA Investing LLC increased its holdings in Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after acquiring an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Fluor during the 2nd quarter valued at about $51,000. Finally, Quest Partners LLC purchased a new position in shares of Fluor during the second quarter valued at about $52,000. 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.