Fluor Co. (NYSE:FLR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Fluor Co. (NYSE:FLR) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $60.86.

FLR has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Fluor from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. DA Davidson upped their price target on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp upped their price objective on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Robert W. Baird reissued a “neutral” rating and set a $58.00 price target (up previously from $54.00) on shares of Fluor in a research report on Wednesday, December 18th.

Fluor Stock Performance

Shares of FLR opened at $49.32 on Thursday. Fluor has a 1 year low of $35.04 and a 1 year high of $60.10. The company’s 50 day simple moving average is $53.15 and its 200 day simple moving average is $49.55. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 32.88, a PEG 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 issued its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. On average, sell-side analysts predict 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 stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the sale, the chief financial officer now owns 41,908 shares of the company’s stock, valued at $2,107,972.40. This trade represents a 21.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,312 shares of company stock worth $4,049,707. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

A number of hedge funds and other institutional investors have recently modified their holdings of FLR. Allspring Global Investments Holdings LLC grew its stake in Fluor by 6,642.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Fluor in the second quarter worth $51,000. Quest Partners LLC acquired a new stake in Fluor in the second quarter valued at $52,000. Quarry LP boosted its stake in Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after acquiring an additional 942 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Fluor during the 3rd quarter worth $96,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.