Fluor Corporation (NYSE:FLR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Fluor Corporation (NYSE:FLR) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $45.43.

Several research firms have recently commented on FLR. Barclays set a $40.00 price objective on Fluor and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Truist Financial lifted their price target on Fluor from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Citigroup lowered their price objective on Fluor from $55.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, April 25th. UBS Group cut their target price on shares of Fluor from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Robert W. Baird set a $41.00 price target on shares of Fluor in a report on Monday, May 5th.

Insider Buying and Selling

In related news, Chairman David E. Constable sold 40,800 shares of Fluor stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the sale, the chairman now directly owns 870,627 shares in the company, valued at $42,660,723. The trade was a 4.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the transaction, the insider now owns 64,383 shares of the company’s stock, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Fluor

A number of hedge funds have recently modified their holdings of FLR. Hurley Capital LLC purchased a new position in Fluor during the 1st quarter valued at about $29,000. Sterling Capital Management LLC increased its stake 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 valued at $30,000 after purchasing an additional 408 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Fluor by 800.0% during the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after purchasing an additional 800 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company’s stock worth $39,000 after purchasing an additional 760 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Fluor by 121.5% in the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after buying an additional 666 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Up 0.2%

Shares of NYSE FLR opened at $49.99 on Thursday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 4.79, a PEG ratio of 2.39 and a beta of 1.30. Fluor has a one year low of $29.20 and a one year high of $60.10. The firm’s 50 day simple moving average is $39.18 and its two-hundred day simple moving average is $42.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.50 by $0.23. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. As a group, analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

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.