Analysts Set Fluor Corporation (NYSE:FLR) PT at $49.57

Key Points

• Fluor Corporation has received a consensus rating of "Hold" from analysts, with one sell recommendation, four hold recommendations, and four buy recommendations.
• The average target price for Fluor's stock among analysts is $49.57, with significant downgrades from firms such as Citigroup and Zacks Research.
• Insider trading activity revealed substantial sales with insiders selling a total of 98,320 shares valued at approximately $4.87 million over the last 90 days.

Fluor Corporation (NYSE:FLR - Get Free Report) has received a consensus rating of "Hold" from the nine research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $49.5714.

Several equities analysts have weighed in on FLR shares. UBS Group reduced their price objective on Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Robert W. Baird reduced their price target on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Fluor from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Citigroup dropped their target price on shares of Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, Zacks Research cut shares of Fluor from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd.

Insider Transactions at Fluor

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider owned 64,383 shares of the company's stock, valued at $2,924,919.69. The trade was a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman David E. Constable sold 38,600 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total value of $2,011,446.00. Following the transaction, the chairman owned 792,027 shares of the company's stock, valued at $41,272,526.97. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,320 shares of company stock worth $4,870,182. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluor

Hedge funds have recently added to or reduced their stakes in the business. MTM Investment Management LLC purchased a new stake in Fluor in the second quarter worth $26,000. IFP Advisors Inc bought a new position in shares of Fluor during the 2nd quarter valued at $27,000. Hurley Capital LLC purchased a new stake in Fluor in the 1st quarter worth $29,000. Hantz Financial Services Inc. lifted its holdings in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company's stock valued at $30,000 after acquiring an additional 566 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its stake in Fluor by 800.0% in the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock worth $32,000 after purchasing an additional 800 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Trading Up 2.5%

Shares of Fluor stock traded up $1.05 on Tuesday, reaching $42.79. 5,179,299 shares of the company were exchanged, compared to its average volume of 4,060,607. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 1.76 and a beta of 1.50. The stock has a fifty day moving average price of $47.88 and a 200-day moving average price of $41.81. Fluor has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company's revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, analysts expect that Fluor will post 2.5 EPS for the current 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.