Fluor Co. (NYSE:FLR) Receives Average Rating of “Moderate Buy” from Analysts

Fluor Co. (NYSE:FLR) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $59.29.

A number of equities analysts have recently commented on FLR shares. KeyCorp lifted their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. DA Davidson raised their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird reiterated a “neutral” rating and set a $58.00 price target (up from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Citigroup cut their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th.

Insiders Place Their Bets

In other news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was 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 represents a 5.27 % decrease in their position. 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 firm’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 transaction, the insider now owns 147,045 shares of the company’s stock, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after purchasing an additional 527 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Fluor in the fourth quarter valued at $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after buying an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Fluor during the 4th quarter worth about $57,000. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE:FLR opened at $44.85 on Friday. The firm has a market capitalization of $7.69 billion, a PE ratio of 29.90, a PEG ratio of 3.45 and a beta of 1.89. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor has a 1 year low of $35.04 and a 1 year high of $60.10. The firm’s fifty day simple moving average is $50.43 and its 200 day simple moving average is $50.29.

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.