Fluor (NYSE:FLR) Stock Rating Upgraded by StockNews.com

Fluor (NYSE:FLR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

FLR has been the subject of a number of other research reports. Truist Financial dropped their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp raised their price objective on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Citigroup decreased their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, DA Davidson lowered their target price on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Fluor currently has an average rating of “Moderate Buy” and a consensus price target of $55.43.

Fluor Stock Down 5.3 %

Shares of FLR opened at $37.73 on Thursday. Fluor has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company’s fifty day moving average is $48.66 and its two-hundred day moving average is $50.01. The firm has a market cap of $6.37 billion, a PE ratio of 3.10, a price-to-earnings-growth ratio of 3.23 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Analysts forecast that Fluor will post 2.5 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction on 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 sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Fields sold 50,000 shares of the firm’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 of the company’s stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Fluor by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock valued at $872,871,000 after acquiring an additional 168,822 shares in the last quarter. Geode Capital Management LLC increased its stake in Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock valued at $190,953,000 after purchasing an additional 51,018 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Fluor by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock worth $152,596,000 after purchasing an additional 107,327 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Fluor by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock worth $124,087,000 after buying an additional 25,528 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Fluor by 12.9% in the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock valued at $117,971,000 after buying an additional 273,156 shares during the period. Institutional investors own 88.07% of the company’s stock.

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.