Fluor Co. (NYSE:FLR) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Fluor Co. (NYSE:FLR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $60.29.

A number of brokerages recently weighed in on FLR. Robert W. Baird increased their price target on shares of Fluor from $46.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Truist Financial upped their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. UBS Group lifted their target price on Fluor from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, KeyCorp raised their price target on Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at $2,676,885.27. This represents a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now directly owns 147,045 shares of the company's stock, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,261 shares of company stock worth $4,360,074 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Fluor

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC bought a new position in shares of Fluor in the 2nd quarter valued at $34,000. GAMMA Investing LLC grew its holdings in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company's stock worth $39,000 after purchasing an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company's stock valued at $41,000 after buying an additional 930 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Fluor in the 2nd quarter valued at approximately $51,000. Finally, Quest Partners LLC acquired a new stake in Fluor during the 2nd quarter worth approximately $52,000. 88.07% of the stock is currently owned by institutional investors.

Fluor Trading Up 1.6 %

FLR stock traded up $0.88 during midday trading on Friday, reaching $56.13. The company's stock had a trading volume of 1,142,599 shares, compared to its average volume of 3,192,893. The business's 50-day simple moving average is $51.96 and its 200-day simple moving average is $47.86. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10. The stock has a market cap of $9.63 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 4.39 and a beta of 1.90.

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