Fluor’s (FLR) Neutral Rating Reaffirmed at Robert W. Baird

Fluor (NYSE:FLR)‘s stock had its “neutral” rating reissued by research analysts at Robert W. Baird in a report released on Wednesday, Marketbeat reports. They presently have a $58.00 price target on the construction company’s stock, up from their previous price target of $54.00. Robert W. Baird’s price target indicates a potential upside of 8.51% from the company’s current price.

FLR has been the topic of several other reports. Truist Financial increased their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. DA Davidson increased their price objective on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group boosted their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. KeyCorp increased their target price on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Citigroup raised Fluor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fluor has an average rating of “Moderate Buy” and an average target price of $60.86.

Fluor Trading Down 2.2 %

Shares of FLR opened at $53.45 on Wednesday. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 4.36 and a beta of 1.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. Fluor has a 1-year low of $35.04 and a 1-year high of $60.10. The company has a 50-day moving average of $53.68 and a 200 day moving average of $49.14.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the previous year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts expect that Fluor will post 2.62 EPS for the current year.

Insider Transactions at Fluor

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 owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction 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 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 represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,942 shares of company stock valued at $4,793,206. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

Several large investors have recently added to or reduced their stakes in FLR. Geode Capital Management LLC raised its stake in shares of Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after purchasing an additional 51,018 shares during the last quarter. Rubric Capital Management LP raised its position in Fluor by 23.6% during the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock worth $139,992,000 after buying an additional 614,521 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Fluor by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock valued at $110,930,000 after acquiring an additional 323,111 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after acquiring an additional 457,220 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Fluor by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after acquiring an additional 9,789 shares during the period. Hedge funds and other 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.