Fluor (NYSE:FLR) Given Buy Rating at UBS Group

UBS Group restated their buy rating on shares of Fluor (NYSE:FLR - Free Report) in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have a $60.00 price target on the construction company's stock, up from their previous price target of $48.00.

Several other research firms have also recently weighed in on FLR. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Citigroup dropped their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Robert W. Baird set a $41.00 price target on Fluor in a research note on Monday, May 5th. Truist Financial lifted their target price on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Wall Street Zen lowered Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

Fluor Stock Performance

Shares of NYSE FLR traded down $0.07 during midday trading on Tuesday, hitting $51.31. The company's stock had a trading volume of 1,446,858 shares, compared to its average volume of 2,616,968. Fluor has a 1-year low of $29.20 and a 1-year high of $60.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $8.45 billion, a P/E ratio of 4.92, a P/E/G ratio of 2.39 and a beta of 1.30. The firm's fifty day moving average price is $41.17 and its 200-day moving average price is $42.58.

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

Insider Activity at Fluor

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the stock in a transaction 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 transaction, the insider now directly owns 64,383 shares in the company, valued at approximately $2,924,919.69. This trade represents a 22.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total value of $1,999,200.00. Following the transaction, the chairman now directly owns 870,627 shares in the company, valued at $42,660,723. This trade represents a 4.48% decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently modified their holdings of the business. Alyeska Investment Group L.P. boosted its stake in Fluor by 329.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock valued at $97,954,000 after acquiring an additional 1,523,647 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Fluor by 4,097.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock valued at $47,723,000 after purchasing an additional 1,300,568 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Fluor by 43.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company's stock worth $130,630,000 after purchasing an additional 1,104,350 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Fluor by 10,125.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock worth $52,129,000 after purchasing an additional 1,046,610 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Fluor by 145.1% in the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company's stock valued at $57,276,000 after purchasing an additional 962,382 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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.