Fluor Co. (NYSE:FLR) Receives $60.14 Average PT from Analysts

Shares of Fluor Co. (NYSE:FLRGet Free Report) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $60.14.

A number of research analysts recently weighed in on FLR shares. Robert W. Baird restated a “neutral” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. UBS Group upped their price objective on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial decreased their target price on Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, January 16th. KeyCorp increased their price objective on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, DA Davidson raised their target price on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Read Our Latest Stock Analysis on FLR

Fluor Stock Up 1.4 %

Fluor stock opened at $54.25 on Monday. 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 firm has a 50 day moving average price of $52.32 and a 200 day moving average price of $50.18. Fluor has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company has a market capitalization of $9.30 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 3.56 and a beta of 1.91.

Fluor (NYSE:FLRGet Free Report) last posted 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 firm had revenue of $4.09 billion during 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%. Fluor’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. Research analysts expect that Fluor will post 2.62 earnings per share for the current year.

Insider Activity at Fluor

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

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

About Fluor

(Get Free Report

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.

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