Brokerages Set Fluor Co. (NYSE:FLR) Target Price at $58.29

Fluor Co. (NYSE:FLR) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $60.29.

A number of analysts recently commented on the company. Barclays lifted their price target on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Citigroup upgraded 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 report on Tuesday, October 22nd. Truist Financial lifted their price target on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group lifted their price target 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 target price on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Insider Activity

In other news, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at approximately $2,751,163.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the sale, the chief financial officer now owns 53,527 shares of the company’s stock, valued at approximately $2,676,885.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction on Friday, September 20th. The shares were sold at an average price of $47.57, for a total value of $729,485.95. Following the sale, the chief financial officer now directly owns 57,834 shares of the company’s stock, valued at $2,751,163.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,261 shares of company stock worth $1,528,574. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluor

Several large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its stake in Fluor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after buying an additional 176 shares during the period. Seelaus Asset Management LLC lifted its stake in Fluor by 3.7% during the third quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after purchasing an additional 230 shares during the last quarter. ClariVest Asset Management LLC lifted its stake in Fluor by 0.3% during the second quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after purchasing an additional 233 shares during the last quarter. Xponance Inc. lifted its stake in Fluor by 1.2% during the second quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock worth $1,006,000 after purchasing an additional 265 shares during the last quarter. Finally, JGP Wealth Management LLC lifted its stake in Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock worth $253,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Down 2.6 %

FLR stock opened at $48.50 on Wednesday. Fluor has a twelve month low of $35.04 and a twelve month high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $49.82 and its 200-day moving average is $46.60. The firm has a market capitalization of $8.31 billion, a PE ratio of 32.33, a P/E/G ratio of 2.21 and a beta of 1.90.

Fluor (NYSE:FLR) last posted its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. Sell-side analysts expect that Fluor will post 2.88 EPS for the current fiscal year.

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.