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

Shares of Fluor Co. (NYSE:FLR) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings 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 price objective among brokerages that have issued ratings on the stock in the last year is $59.29.

Several equities analysts recently issued reports on FLR shares. KeyCorp raised their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Robert W. Baird reaffirmed a “neutral” rating and issued a $58.00 target price (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Citigroup dropped their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial dropped their target price on shares of Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, January 16th.

Insider Buying and Selling at Fluor

In other news, insider Mark E. Fields sold 50,000 shares of Fluor 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 transaction, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Fluor by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after acquiring an additional 168,822 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after purchasing an additional 51,018 shares during the last quarter. Alliancebernstein L.P. grew its position in Fluor by 3.6% in the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock valued at $152,596,000 after purchasing an additional 107,327 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after buying an additional 457,220 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Fluor by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after buying an additional 9,789 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Stock Down 3.2 %

Shares of FLR opened at $44.85 on Friday. The business’s fifty day moving average price is $50.43 and its two-hundred day moving average price is $50.29. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.45 and a beta of 1.89. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77.

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.