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

Shares of Fluor Corporation (NYSE:FLR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $50.86.

Several equities research analysts have issued reports on the company. Truist Financial increased their price target on Fluor from $47.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. KeyCorp cut their price objective on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Wall Street Zen lowered shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Robert W. Baird lifted their price target on Fluor from $41.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday. Finally, UBS Group restated a "buy" rating and set a $60.00 price objective (up previously from $48.00) on shares of Fluor in a research report on Tuesday, June 24th.

Fluor Stock Performance

Shares of NYSE:FLR traded down $0.05 during trading on Monday, hitting $53.76. 290,098 shares of the stock were exchanged, compared to its average volume of 2,670,407. Fluor has a 1-year low of $29.20 and a 1-year high of $60.10. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 5.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.34. The company's fifty day simple moving average is $44.90 and its 200-day simple moving average is $42.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.74.

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

Insider Activity at Fluor

In other news, Chairman David E. Constable sold 38,600 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total value of $859,535.60. Following the completion of the sale, the insider directly owned 64,383 shares of the company's stock, valued at approximately $2,924,919.69. This trade represents a 22.71% 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 valued at $4,870,182. Company insiders own 1.70% of the company's stock.

Institutional Trading of Fluor

A number of large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Fluor by 8.8% in the second quarter. Farther Finance Advisors LLC now owns 3,368 shares of the construction company's stock worth $173,000 after acquiring an additional 271 shares during the period. Xponance Inc. lifted its stake in Fluor by 1.5% during the first quarter. Xponance Inc. now owns 24,597 shares of the construction company's stock worth $881,000 after purchasing an additional 357 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Fluor by 3.3% during the first quarter. Nisa Investment Advisors LLC now owns 11,167 shares of the construction company's stock worth $400,000 after purchasing an additional 359 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of Fluor by 4.4% in the first quarter. Callan Family Office LLC now owns 9,185 shares of the construction company's stock worth $329,000 after buying an additional 389 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Fluor by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the construction company's stock worth $1,719,000 after buying an additional 400 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.