Fluor Co. (NYSE:FLR) Receives $60.14 Average PT from Analysts

Shares of Fluor Co. (NYSE:FLR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $60.14.

A number of brokerages have recently commented on FLR. KeyCorp raised their price target on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. UBS Group boosted their price target on shares of Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. DA Davidson raised their price objective on shares of Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Citigroup upgraded Fluor from a "neutral" rating to a "buy" rating and upped their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Finally, Truist Financial dropped their price objective on Fluor from $66.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday.

Fluor Stock Performance

Shares of FLR stock traded up $0.77 during trading hours on Monday, reaching $50.28. The stock had a trading volume of 4,693,906 shares, compared to its average volume of 1,639,715. 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 firm has a 50-day simple moving average of $52.13 and a 200-day simple moving average of $50.04. The firm has a market capitalization of $8.62 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 3.39 and a beta of 1.91. Fluor has a twelve month low of $35.04 and a twelve month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.25). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the firm posted $1.02 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Fluor will post 2.62 earnings per share for the current year.

Insider Activity

In other news, insider Mark E. Fields sold 50,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $433,131.59. Following the completion of the sale, the insider now owns 137,974 shares of the company's stock, valued at $7,780,353.86. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fluor

A number of hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after acquiring an additional 527 shares during the last quarter. Quarry LP raised its position in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after purchasing an additional 942 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Fluor during the 3rd quarter worth $96,000. Harvest Fund Management Co. Ltd acquired a new position in Fluor in the 3rd quarter valued at $96,000. Finally, GAMMA Investing LLC raised its holdings in Fluor by 130.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the construction company's stock worth $99,000 after acquiring an additional 1,169 shares during the period. Institutional investors and hedge funds 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.