Analysts Set Fluor Co. (NYSE:FLR) Target Price at $60.86

Shares of Fluor Co. (NYSE:FLR) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $60.86.

Several research firms have issued reports on FLR. Robert W. Baird restated a “neutral” rating and issued a $58.00 price target (up previously from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. UBS Group boosted their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup upgraded Fluor from a “neutral” rating to a “buy” rating and increased their price target for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Truist Financial raised their target price on shares of Fluor from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th.

Insider Transactions at Fluor

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total value 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. Insiders sold 73,312 shares of company stock valued at $4,049,707 over the last three months. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in Fluor by 6,642.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after buying an additional 930 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Fluor by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,505 shares of the construction company’s stock worth $1,285,000 after purchasing an additional 2,753 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Fluor by 9.4% during the second quarter. Panagora Asset Management Inc. now owns 395,842 shares of the construction company’s stock worth $17,239,000 after purchasing an additional 33,978 shares during the period. Rothschild Investment LLC acquired a new position in Fluor during the second quarter valued at approximately $811,000. Finally, Picton Mahoney Asset Management raised its position in shares of Fluor by 3.8% in the second quarter. Picton Mahoney Asset Management now owns 63,315 shares of the construction company’s stock valued at $2,758,000 after purchasing an additional 2,290 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Down 1.2 %

FLR opened at $50.06 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $8.59 billion, a PE ratio of 33.37, a P/E/G ratio of 4.36 and a beta of 1.89. The stock’s fifty day moving average is $53.39 and its 200-day moving average is $49.46. Fluor has a one year low of $35.04 and a one year high of $60.10.

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