Analysts Set Fluor Co. (NYSE:FLR) PT at $60.14

Fluor Co. (NYSE:FLR) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $60.14.

A number of research analysts have weighed in on FLR shares. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $65.00 in a report on Tuesday, October 22nd. UBS Group raised their price target on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp boosted their target price on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $58.00 price target (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th.

Insiders Place Their Bets

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Fluor

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

Fluor Price Performance

Fluor stock opened at $54.58 on Monday. 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 company has a market cap of $9.36 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 3.83 and a beta of 1.91. Fluor has a 12 month low of $35.04 and a 12 month high of $60.10. The business’s 50 day simple moving average is $52.46 and its 200 day simple moving average is $50.37.

Fluor (NYSE:FLR) last issued 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). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the previous year, the firm earned $1.02 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts forecast 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.