Fluor (NYSE:FLR) Price Target Cut to $46.00 by Analysts at Robert W. Baird

Fluor (NYSE:FLR) had its price objective trimmed by Robert W. Baird from $58.00 to $46.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on the company. UBS Group upped their price objective on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. DA Davidson upped their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Citigroup reduced their target price on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Truist Financial reduced their target price on Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.43.

Fluor Trading Down 0.4 %

Shares of NYSE FLR opened at $39.58 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market capitalization of $6.79 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 3.06 and a beta of 1.89. Fluor has a 1-year low of $35.04 and a 1-year high of $60.10. The business has a fifty day moving average price of $49.31 and a 200 day moving average price of $50.14.

Fluor (NYSE:FLR) last issued its quarterly earnings data 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 company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. Equities research analysts expect that Fluor will post 2.62 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Fluor

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Fluor by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after purchasing an additional 168,822 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $190,953,000 after purchasing an additional 51,018 shares in the last quarter. Alliancebernstein L.P. boosted its position in 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Fluor by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock worth $124,087,000 after purchasing an additional 25,528 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Fluor by 12.9% during the fourth quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock worth $117,971,000 after purchasing an additional 273,156 shares in the last quarter. Hedge funds and other 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.