Brokerages Set Fluor Corporation (NYSE:FLR) PT at $54.33

Shares of Fluor Corporation (NYSE:FLR) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $54.3333.

Several brokerages have recently issued reports on FLR. Zacks Research raised shares of Fluor from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Robert W. Baird lifted their price objective on shares of Fluor from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Finally, UBS Group reaffirmed a “buy” rating and set a $57.00 price target on shares of Fluor in a report on Thursday, February 19th.

Fluor Stock Down 1.4%

NYSE:FLR opened at $45.73 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $47.11 and a 200-day moving average of $44.92. The firm has a market capitalization of $6.54 billion, a PE ratio of -58.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Fluor has a 52 week low of $29.20 and a 52 week high of $57.50.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a negative net margin of 0.34% and a positive return on equity of 7.96%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Analysts predict that Fluor will post 2.5 EPS for the current year.

Insider Activity

In related news, insider Mark E. Fields sold 5,178 shares of Fluor stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $52.36, for a total transaction of $271,120.08. Following the sale, the insider directly owned 194,514 shares in the company, valued at $10,184,753.04. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin B. Hammonds sold 2,988 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $52.61, for a total transaction of $157,198.68. Following the completion of the sale, the insider directly owned 16,273 shares of the company’s stock, valued at $856,122.53. The trade was a 15.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,110 shares of company stock worth $1,168,920 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Fluor

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Fluor by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock worth $174,077,000 after purchasing an additional 328,122 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Fluor by 472.4% in the third quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company’s stock valued at $5,163,000 after purchasing an additional 101,288 shares in the last quarter. Pacific Heights Asset Management LLC lifted its holdings in shares of Fluor by 35.4% in the third quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock valued at $13,673,000 after purchasing an additional 85,000 shares in the last quarter. Quadrant Private Wealth Management LLC acquired a new stake in shares of Fluor in the third quarter worth $3,475,000. Finally, Lingohr Asset Management GmbH grew its holdings in shares of Fluor by 792.4% during the third quarter. Lingohr Asset Management GmbH now owns 85,669 shares of the construction company’s stock valued at $3,604,000 after buying an additional 76,069 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.