Fluor Co. (NYSE:FLR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Fluor Co. (NYSE:FLR - Get Free Report) have received an average rating of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $58.29.

A number of research firms recently weighed in on FLR. Truist Financial upped their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on shares of Fluor from $39.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 18th. UBS Group raised their price target on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. DA Davidson raised their target price on Fluor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Finally, KeyCorp upgraded shares of Fluor from a "sector weight" rating to an "overweight" rating and set a $57.00 target price for the company in a report on Wednesday, July 17th.

Insider Activity at Fluor

In related news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at $2,703,669.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Fluor news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the sale, the chief accounting officer now owns 55,965 shares of the company's stock, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the transaction, the chief financial officer now directly owns 57,834 shares of the company's stock, valued at approximately $2,751,163.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,261 shares of company stock worth $2,156,604 in the last quarter. Company insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Fluor

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Seelaus Asset Management LLC grew its position in Fluor by 3.7% during the third quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company's stock worth $307,000 after buying an additional 230 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Fluor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company's stock worth $235,000 after acquiring an additional 176 shares during the period. KBC Group NV raised its holdings in Fluor by 11.2% during the third quarter. KBC Group NV now owns 4,544 shares of the construction company's stock worth $217,000 after purchasing an additional 456 shares during the last quarter. MQS Management LLC purchased a new stake in Fluor during the third quarter worth $289,000. Finally, Versor Investments LP acquired a new stake in Fluor in the third quarter valued at $1,069,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Up 7.6 %

NYSE:FLR traded up $4.13 during midday trading on Wednesday, reaching $58.73. The company had a trading volume of 6,247,160 shares, compared to its average volume of 1,591,335. The stock's fifty day simple moving average is $49.41 and its 200-day simple moving average is $46.14. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. Fluor has a 12-month low of $34.09 and a 12-month high of $60.10. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.29 and a beta of 1.90.

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.