Fluor Co. (NYSE:FLR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Fluor Co. (NYSE:FLR) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $60.14.

FLR has been the topic of several recent research reports. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Robert W. Baird restated a “neutral” rating and set a $58.00 target price (up previously from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. UBS Group upped their price target on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, KeyCorp upped their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th.

Insider Buying and Selling at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The shares were 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 represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

Several institutional investors and hedge funds have recently bought and sold shares of FLR. Dimensional Fund Advisors LP lifted its holdings in Fluor by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock worth $110,930,000 after buying an additional 323,111 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Fluor by 5.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,635 shares of the construction company’s stock valued at $289,000 after purchasing an additional 370 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Fluor by 11.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,463 shares of the construction company’s stock valued at $673,000 after purchasing an additional 1,637 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Fluor by 120.3% during the second quarter. Hsbc Holdings PLC now owns 111,066 shares of the construction company’s stock valued at $4,797,000 after purchasing an additional 60,659 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Fluor during the second quarter valued at approximately $1,036,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of NYSE FLR opened at $54.58 on Monday. Fluor has a twelve month low of $35.04 and a twelve month high of $60.10. The stock’s 50 day moving average price is $52.46 and its 200-day moving average price is $50.29. The company has a market capitalization of $9.36 billion, a PE ratio of 36.39, a PEG ratio of 3.83 and a beta of 1.91. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Fluor’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 EPS. On average, equities analysts anticipate that Fluor will post 2.62 EPS for the current year.

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.