Fluor Co. (NYSE:FLR) Given Average Recommendation of “Hold” by Brokerages

Shares of Fluor Co. (NYSE:FLR – Get Rating) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.29.

Several analysts recently issued reports on the company. StockNews.com started coverage on Fluor in a research note on Thursday. They set a “hold” rating on the stock. Credit Suisse Group increased their price objective on shares of Fluor from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 22nd. Robert W. Baird raised their price objective on Fluor from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Finally, UBS Group raised their target price on shares of Fluor from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, November 29th.

Fluor Price Performance

Shares of NYSE FLR opened at $30.01 on Friday. Fluor has a twelve month low of $21.67 and a twelve month high of $38.20. The company has a 50 day moving average of $35.63 and a 200 day moving average of $32.24. The firm has a market cap of $4.27 billion, a P/E ratio of 41.11, a PEG ratio of 0.76 and a beta of 2.29. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49.

Fluor (NYSE:FLR – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.11). The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $4.04 billion. Fluor had a return on equity of 8.49% and a net margin of 1.06%. Fluor’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. As a group, research analysts expect that Fluor will post 1.73 EPS for the current fiscal year.

Insider Transactions at Fluor

In other news, insider James R. Breuer sold 4,000 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $37.81, for a total transaction of $151,240.00. Following the sale, the insider now directly owns 41,742 shares of the company’s stock, valued at $1,578,265.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Fluor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new position in Fluor in the 4th quarter worth about $35,000. Toronto Dominion Bank acquired a new stake in shares of Fluor in the fourth quarter valued at about $35,000. Ronald Blue Trust Inc. increased its position in shares of Fluor by 1,186.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,055 shares of the construction company’s stock worth $26,000 after purchasing an additional 973 shares in the last quarter. Allworth Financial LP raised its stake in Fluor by 70.9% in the 3rd quarter. Allworth Financial LP now owns 1,080 shares of the construction company’s stock valued at $27,000 after purchasing an additional 448 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Fluor in the 4th quarter valued at $45,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Fluor Company Profile

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.