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

Shares of Fluor Co. (NYSE:FLR) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $60.29.

A number of research analysts have commented on FLR shares. KeyCorp boosted their price objective on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. DA Davidson boosted their price target 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 shares of Fluor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial boosted their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group lifted 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.

Fluor Stock Down 0.3 %

Shares of NYSE:FLR opened at $55.79 on Friday. The stock has a 50-day simple moving average of $52.83 and a 200-day simple moving average of $48.44. The stock has a market capitalization of $9.57 billion, a P/E ratio of 37.19, a PEG ratio of 4.38 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 quick ratio of 1.77 and a current ratio of 1.77.

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

Insiders Place Their Bets

In other news, CFO Joseph L. Brennan sold 4,012 shares of Fluor 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,942 shares of company stock valued at $4,793,206 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Fluor

A number of institutional investors have recently modified their holdings of FLR. ORG Partners LLC acquired a new position in Fluor in the second quarter valued at approximately $34,000. GAMMA Investing LLC lifted its holdings in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after purchasing an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Fluor by 6,642.9% during 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 period. Ashton Thomas Private Wealth LLC bought a new position in Fluor during the 2nd quarter worth $51,000. Finally, Quest Partners LLC acquired a new stake in Fluor in the second quarter worth $52,000. Institutional investors own 88.07% of the company’s stock.

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.