Fluor (NYSE:FLR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Fluor (NYSE:FLR - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other equities research analysts also recently weighed in on FLR. Robert W. Baird cut their price objective on Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Truist Financial reduced their price target on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Baird R W lowered shares of Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Citigroup reduced their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, DA Davidson dropped their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $54.71.

Fluor Price Performance

Shares of FLR traded down $1.42 during midday trading on Friday, hitting $35.50. The company's stock had a trading volume of 791,297 shares, compared to its average volume of 3,199,702. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor has a one year low of $35.39 and a one year high of $60.10. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 2.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. The company's fifty day simple moving average is $46.96 and its two-hundred day simple moving average is $49.58.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. As a group, equities analysts expect that Fluor will post 2.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fluor news, insider Thomas P. D'agostino sold 7,681 shares of the 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 completion of the sale, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Fluor

Several institutional investors and hedge funds have recently made changes to their positions in FLR. Raymond James & Associates lifted its position in shares of Fluor by 9.4% during the 3rd quarter. Raymond James & Associates now owns 96,025 shares of the construction company's stock valued at $4,581,000 after acquiring an additional 8,232 shares during the period. State of Alaska Department of Revenue boosted its stake in Fluor by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,834 shares of the construction company's stock valued at $946,000 after purchasing an additional 1,350 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Fluor by 0.8% in the third quarter. New York State Teachers Retirement System now owns 175,766 shares of the construction company's stock worth $8,386,000 after purchasing an additional 1,435 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of Fluor in the third quarter valued at approximately $202,000. Finally, US Bancorp DE grew its holdings in Fluor by 99.6% during the third quarter. US Bancorp DE now owns 33,061 shares of the construction company's stock worth $1,577,000 after buying an additional 16,499 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

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.