Fluor Co. (NYSE:FLR) Receives Average Recommendation of “Moderate Buy” from Analysts

Fluor Co. (NYSE:FLR) has been given an average recommendation of “Moderate Buy” by 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 target among brokerages that have issued ratings on the stock in the last year is $58.29.

A number of research firms have recently commented on FLR. UBS Group increased their target price on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays upped their price target on shares of 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 boosted their price objective for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. DA Davidson increased their target price on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, KeyCorp upgraded Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a report on Wednesday, July 17th.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the transaction, the chief financial officer now directly owns 41,908 shares of the company’s stock, valued at $2,107,972.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph L. Brennan sold 15,335 shares of the company’s stock in a transaction dated 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 owns 57,834 shares in the company, valued at approximately $2,751,163.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,261 shares of company stock worth $2,156,604. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Fluor

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in Fluor by 0.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after purchasing an additional 286 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Fluor by 6.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 89,204 shares of the construction company’s stock worth $3,772,000 after buying an additional 5,760 shares during the period. Lesa Sroufe & Co boosted its holdings in Fluor by 0.6% in the first quarter. Lesa Sroufe & Co now owns 50,950 shares of the construction company’s stock worth $2,154,000 after acquiring an additional 312 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Fluor by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 149,110 shares of the construction company’s stock valued at $6,304,000 after acquiring an additional 1,934 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Fluor by 143.4% during the first quarter. SG Americas Securities LLC now owns 11,297 shares of the construction company’s stock worth $478,000 after purchasing an additional 6,655 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Up 3.4 %

NYSE FLR opened at $54.61 on Wednesday. The business has a fifty day moving average price of $49.31 and a two-hundred day moving average price of $46.03. The stock has a market capitalization of $9.35 billion, a PE ratio of 23.34, a PEG ratio of 2.29 and a beta of 1.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77. Fluor has a fifty-two week low of $34.09 and a fifty-two week high of $55.86.

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.