Brokerages Set Fluor Co. (NYSE:FLR) PT at $60.86

Shares of Fluor Co. (NYSE:FLR) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $60.86.

Several research analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of Fluor from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. KeyCorp boosted their price target on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. DA Davidson raised their price objective on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Finally, UBS Group raised their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Fluor Price Performance

NYSE FLR opened at $50.06 on Thursday. The stock has a 50-day simple moving average of $53.39 and a 200 day simple moving average of $49.46. Fluor has a twelve month low of $35.04 and a twelve month high of $60.10. The stock has a market capitalization of $8.59 billion, a PE ratio of 33.37, a P/E/G ratio of 4.36 and a beta of 1.89. 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 posted its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 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 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that Fluor will post 2.62 EPS for the current year.

Insider Activity at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now directly owns 41,908 shares in the company, valued at $2,107,972.40. The trade was a 21.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,312 shares of company stock valued at $4,049,707 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Fluor

Several large investors have recently made changes to their positions in FLR. Allspring Global Investments Holdings LLC raised its position 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 during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Fluor during the second quarter valued at $51,000. Quest Partners LLC bought a new position in Fluor in the second quarter valued at about $52,000. Quarry LP increased its position in Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after purchasing an additional 942 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Fluor during the 3rd quarter worth about $96,000. 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.