Fluor Co. (NYSE:FLR) Receives $58.29 Average PT from Brokerages

Shares of Fluor Co. (NYSE:FLR) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $59.29.

FLR has been the subject of a number of research reports. Truist Financial lifted their target price on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Barclays lifted their price objective on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. UBS Group lifted their price target on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, DA Davidson increased their price target on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

Insider Activity at Fluor

In related news, CAO John C. Regan sold 13,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the sale, the chief financial officer now directly owns 57,834 shares of the company’s stock, valued at $2,751,163.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John C. Regan sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were 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 of the company’s stock, valued at approximately $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 valued at $2,156,604 in the last quarter. Insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

Several institutional investors have recently modified their holdings of FLR. ORG Partners LLC acquired a new position in shares of Fluor in the second quarter worth approximately $34,000. GAMMA Investing LLC raised its holdings in Fluor by 46.4% during 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 lifted its position 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 worth $41,000 after purchasing an additional 930 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor in the 2nd quarter valued at $51,000. Finally, Quest Partners LLC acquired a new stake in shares of Fluor during the second quarter worth $52,000. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE FLR opened at $50.92 on Wednesday. Fluor has a 52-week low of $34.17 and a 52-week high of $60.10. The stock has a market cap of $8.72 billion, a PE ratio of 21.76, a P/E/G ratio of 2.29 and a beta of 1.90. The firm has a 50-day moving average of $49.80 and a 200-day moving average of $46.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77.

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.