Fluor Corporation (NYSE:FLR) Given Average Rating of "Moderate Buy" by Analysts

Fluor Corporation (NYSE:FLR - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $45.43.

Several analysts have commented on the stock. DA Davidson lowered their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. KeyCorp lowered their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Truist Financial increased their price objective on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a report on Monday, May 5th. Citigroup decreased their target price on Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird set a $41.00 price target on Fluor in a research report on Monday, May 5th.

Insider Transactions at Fluor

In other news, Chairman David E. Constable sold 40,800 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the sale, the chairman now directly owns 870,627 shares in the company, valued at $42,660,723. This represents a 4.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alvin C. Collins III sold 18,920 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider now directly owns 64,383 shares of the company's stock, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Fluor

Large investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in shares of Fluor in the 1st quarter valued at about $1,329,000. Acadian Asset Management LLC bought a new position in shares of Fluor in the 1st quarter worth $54,000. Intech Investment Management LLC lifted its holdings in shares of Fluor by 26.7% during the 1st quarter. Intech Investment Management LLC now owns 149,885 shares of the construction company's stock worth $5,369,000 after acquiring an additional 31,549 shares during the last quarter. Bayforest Capital Ltd grew its position in Fluor by 140.6% in the first quarter. Bayforest Capital Ltd now owns 26,589 shares of the construction company's stock worth $952,000 after acquiring an additional 15,536 shares in the last quarter. Finally, Optimize Financial Inc bought a new position in Fluor in the first quarter valued at $215,000. Institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

FLR stock opened at $49.99 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.30. The firm has a market cap of $8.23 billion, a PE ratio of 4.79, a P/E/G ratio of 2.39 and a beta of 1.30. The business has a 50 day moving average of $39.18 and a 200-day moving average of $42.80. Fluor has a 12-month low of $29.20 and a 12-month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a return on equity of 14.59% and a net margin of 11.13%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. As a group, sell-side analysts expect that Fluor will post 2.5 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.