Fluor Co. (NYSE:FLR) Receives $54.00 Consensus Target Price from Analysts

Fluor Co. (NYSE:FLR) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $54.00.

A number of research firms recently issued reports on FLR. Barclays boosted their target price on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. DA Davidson boosted their target price on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Robert W. Baird boosted their target price 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. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 target price on the stock in a research report on Wednesday, July 17th. Finally, UBS Group upped their price objective on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th.

Fluor Trading Down 1.1 %

NYSE:FLR opened at $46.65 on Tuesday. The firm’s fifty day moving average is $47.66 and its 200-day moving average is $43.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. Fluor has a 52 week low of $32.31 and a 52 week high of $51.64. The firm has a market cap of $7.99 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.91 and a beta of 1.91.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts expect that Fluor will post 2.9 earnings per share for the current year.

Insider Activity

In other news, CAO John C. Regan sold 13,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO John C. Regan sold 13,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. The disclosure for this sale can be found here. Insiders sold a total of 28,630 shares of company stock worth $1,371,528 over the last quarter. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Fluor

Several institutional investors have recently added to or reduced their stakes in FLR. Teacher Retirement System of Texas grew its position in Fluor by 16.8% during the fourth quarter. Teacher Retirement System of Texas now owns 24,577 shares of the construction company’s stock valued at $963,000 after buying an additional 3,531 shares during the period. Principal Financial Group Inc. grew its position in Fluor by 18.5% during the fourth quarter. Principal Financial Group Inc. now owns 631,381 shares of the construction company’s stock valued at $24,731,000 after buying an additional 98,381 shares during the period. Boston Partners bought a new position in Fluor during the fourth quarter valued at about $388,000. Vanguard Personalized Indexing Management LLC grew its position in Fluor by 28.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,721 shares of the construction company’s stock valued at $655,000 after buying an additional 3,743 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Fluor by 1.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 83,444 shares of the construction company’s stock valued at $3,269,000 after buying an additional 1,357 shares during the period. 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.