Fluor (NYSE:FLR) Price Target Cut to $46.00 by Analysts at Robert W. Baird

Fluor (NYSE:FLR - Free Report) had its target price decreased by Robert W. Baird from $58.00 to $46.00 in a research note published on Wednesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the construction company's stock.

Other research analysts have also recently issued reports about the stock. Baird R W cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Truist Financial dropped their price objective on Fluor from $66.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, January 16th. KeyCorp increased their target price on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Citigroup dropped their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, UBS Group raised their target price on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.43.

Fluor Stock Performance

NYSE:FLR traded down $2.10 during mid-day trading on Wednesday, hitting $37.73. 4,140,554 shares of the stock were exchanged, compared to its average volume of 3,613,242. The firm's 50-day simple moving average is $48.66 and its 200 day simple moving average is $50.04. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 3.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. Fluor has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR - Get Free Report) last posted its 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). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. As a group, equities analysts anticipate that Fluor will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark E. Fields sold 50,000 shares of the firm'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 value of $2,831,500.00. Following the completion of the transaction, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas P. D'agostino sold 7,681 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Fluor

Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after buying an additional 527 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after acquiring an additional 408 shares during the period. Golden State Wealth Management LLC acquired a new stake in Fluor during the 4th quarter valued at approximately $33,000. Smartleaf Asset Management LLC raised its holdings in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Fluor during the 4th quarter worth approximately $57,000. Institutional investors 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.