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

Shares of Fluor Co. (NYSE:FLR) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $60.14.

A number of analysts recently commented on FLR shares. DA Davidson increased their price target on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. KeyCorp lifted their target price on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. UBS Group increased their price target on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th.

Fluor Price Performance

FLR stock opened at $50.28 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $52.13 and its 200 day simple moving average is $50.04. Fluor has a 12-month low of $35.04 and a 12-month high of $60.10. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 3.39 and a beta of 1.91.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the previous year, the business posted $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, analysts expect that Fluor will post 2.62 earnings per share for the current year.

Insider Transactions at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the 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 transaction, the insider now directly owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following 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 position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently bought and sold shares of FLR. Geode Capital Management LLC boosted its position 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 period. Dimensional Fund Advisors LP boosted its holdings in Fluor by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock worth $110,930,000 after buying an additional 323,111 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 worth $100,092,000 after buying an additional 457,220 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Fluor by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock valued at $95,648,000 after acquiring an additional 9,789 shares during the period. Finally, Artemis Investment Management LLP lifted its position in shares of Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock valued at $61,792,000 after acquiring an additional 412,312 shares in the last quarter. 88.07% of the stock is owned by 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.