Fluor Corporation (NYSE:FLR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Fluor a "Moderate Buy" consensus (8 analysts: 1 sell, 2 hold, 4 buy, 1 strong buy) with a 12‑month average target of $54.33, and several brokers recently raised targets (DA Davidson to $60, Truist to $59) while Weiss downgraded to sell.
• Fluor slightly missed its latest quarter—EPS $0.33 vs. $0.34 expected and revenue $4.18B vs. $4.27B expected—showing a negative net margin and a trailing P/E of -63.14.
• Insiders sold 22,110 shares (~$1.17M) over the past 90 days (insider ownership 1.70%), while institutional investors own about 88.07% of the company.

Shares of Fluor Corporation (NYSE:FLR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $54.3333.

A number of brokerages have weighed in on FLR. Weiss Ratings downgraded Fluor from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, February 17th. DA Davidson increased their price target on Fluor from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Zacks Research upgraded shares of Fluor from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 19th. Robert W. Baird boosted their target price on shares of Fluor from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Wednesday, February 18th. Finally, Truist Financial increased their target price on shares of Fluor from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th.

Insider Activity at Fluor

In other Fluor news, insider Anthony Morgan sold 3,387 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $53.09, for a total value of $179,815.83. Following the transaction, the insider owned 45,999 shares in the company, valued at approximately $2,442,086.91. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin B. Hammonds sold 2,988 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $52.61, for a total value of $157,198.68. Following the completion of the sale, the insider directly owned 16,273 shares of the company's stock, valued at $856,122.53. This trade represents a 15.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 22,110 shares of company stock worth $1,168,920. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Fluor

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Fluor by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company's stock valued at $174,077,000 after acquiring an additional 328,122 shares in the last quarter. SG Americas Securities LLC increased its holdings in Fluor by 472.4% during the 3rd quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company's stock worth $5,163,000 after purchasing an additional 101,288 shares in the last quarter. Pacific Heights Asset Management LLC raised its stake in shares of Fluor by 35.4% in the third quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company's stock worth $13,673,000 after purchasing an additional 85,000 shares during the last quarter. Quadrant Private Wealth Management LLC bought a new position in shares of Fluor in the third quarter valued at approximately $3,475,000. Finally, Goodman Financial Corp purchased a new position in shares of Fluor during the fourth quarter valued at approximately $7,610,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Price Performance

Shares of NYSE FLR opened at $49.25 on Wednesday. The company has a market capitalization of $7.05 billion, a PE ratio of -63.14, a P/E/G ratio of 1.23 and a beta of 1.30. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. Fluor has a twelve month low of $32.44 and a twelve month high of $57.50. The firm has a fifty day simple moving average of $47.62 and a 200 day simple moving average of $45.42.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. On average, sell-side analysts forecast that Fluor will post 2.5 EPS for the current year.

Fluor Company Profile

Fluor Corporation NYSE: FLR is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company's core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor's diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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