Fluor Co. (NYSE:FLR) Receives $60.14 Consensus PT from Brokerages

Fluor Co. (NYSE:FLR) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $60.14.

A number of research firms have recently commented on FLR. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. DA Davidson raised their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp raised their target price on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird restated a “neutral” rating and set a $58.00 target price (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th.

Fluor Price Performance

FLR opened at $54.25 on Monday. 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. The company’s 50 day simple moving average is $52.32 and its 200 day simple moving average is $50.18. The stock has a market capitalization of $9.30 billion, a PE ratio of 36.16, a P/E/G ratio of 3.56 and a beta of 1.91.

Fluor (NYSE:FLR) last announced 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 company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 earnings per share. As a group, sell-side analysts expect that Fluor will post 2.62 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Fluor

Several hedge funds and other institutional investors have recently modified their holdings of FLR. CIBC Asset Management Inc lifted its position in shares of Fluor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock worth $235,000 after purchasing an additional 176 shares during the last quarter. GAMMA Investing LLC raised its stake in Fluor by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock valued at $112,000 after buying an additional 213 shares in the last quarter. Seelaus Asset Management LLC lifted its holdings in Fluor by 3.7% during the 3rd quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after buying an additional 230 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Fluor by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock worth $533,000 after acquiring an additional 241 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Fluor by 1.2% in the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

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.