Fluor (NYSE:FLR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Fluor (NYSE:FLR – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the construction company’s stock.

Several other research firms have also recently weighed in on FLR. Credit Suisse Group raised their price target on Fluor from $31.00 to $33.00 and gave the company a neutral rating in a report on Wednesday, February 22nd. UBS Group raised their price target on Fluor from $26.00 to $36.00 and gave the company a neutral rating in a report on Tuesday, November 29th. Finally, Robert W. Baird lifted their target price on Fluor from $38.00 to $43.00 and gave the stock an outperform rating in a report on Wednesday, February 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $35.29.

Fluor Stock Down 2.8 %

Shares of FLR opened at $29.16 on Thursday. The company has a market capitalization of $4.11 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 0.69 and a beta of 2.29. The business’s 50 day moving average is $35.53 and its 200 day moving average is $32.28. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. Fluor has a 12-month low of $21.67 and a 12-month high of $38.20.

Fluor (NYSE:FLR – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.11). The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Fluor had a net margin of 1.06% and a return on equity of 8.49%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Research analysts expect that Fluor will post 1.73 earnings per share for the current fiscal year.

Insider Transactions at Fluor

In related news, insider James R. Breuer sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $37.81, for a total transaction of $151,240.00. Following the completion of the sale, the insider now directly owns 41,742 shares of the company’s stock, valued at approximately $1,578,265.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Fluor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLR. Ergoteles LLC bought a new position in Fluor in the 3rd quarter worth about $943,000. Kestra Advisory Services LLC grew its stake in Fluor by 38.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 16,078 shares of the construction company’s stock worth $400,000 after acquiring an additional 4,475 shares in the last quarter. D L Carlson Investment Group Inc. grew its stake in Fluor by 0.5% in the 3rd quarter. D L Carlson Investment Group Inc. now owns 284,981 shares of the construction company’s stock worth $7,093,000 after acquiring an additional 1,298 shares in the last quarter. LMR Partners LLP grew its stake in Fluor by 37.1% in the 3rd quarter. LMR Partners LLP now owns 22,299 shares of the construction company’s stock worth $555,000 after acquiring an additional 6,039 shares in the last quarter. Finally, Towle & Co grew its stake in Fluor by 100.6% in the 2nd quarter. Towle & Co now owns 25,740 shares of the construction company’s stock worth $627,000 after acquiring an additional 12,910 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

Fluor Company Profile

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.