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

Fluor (NYSE:FLR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other brokerages also recently commented on FLR. KeyCorp boosted their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Robert W. Baird lowered their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. DA Davidson decreased their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Truist Financial lowered their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Price Performance

Fluor stock opened at $38.00 on Friday. The company’s 50 day moving average is $47.23 and its two-hundred day moving average is $49.65. The firm has a market cap of $6.41 billion, a PE ratio of 3.12, a price-to-earnings-growth ratio of 1.36 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 has a 52-week low of $36.00 and a 52-week high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. On average, research analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

Insider Activity at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the sale, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

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

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.