Fluor (NYSE:FLR) Given New $47.00 Price Target at Truist Financial

Fluor (NYSE:FLR - Free Report) had its target price boosted by Truist Financial from $45.00 to $47.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Other equities analysts have also issued reports about the company. Citigroup cut their target price on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. UBS Group decreased their price target on Fluor from $57.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, DA Davidson cut their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $45.43.

Fluor Stock Up 0.6 %

Shares of FLR traded up $0.23 during mid-day trading on Monday, reaching $35.84. 2,521,294 shares of the stock traded hands, compared to its average volume of 2,242,268. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 2.94, a P/E/G ratio of 1.36 and a beta of 1.24. The stock has a fifty day simple moving average of $35.23 and a 200 day simple moving average of $44.87. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor has a 12-month low of $29.20 and a 12-month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued 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. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. Sell-side analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Trading of Fluor

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its position in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after purchasing an additional 527 shares in the last quarter. Sterling Capital Management LLC increased its position in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after acquiring an additional 408 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Fluor in the fourth quarter valued at about $33,000. Hurley Capital LLC acquired a new position in Fluor in the 1st quarter valued at approximately $29,000. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock worth $32,000 after acquiring an additional 800 shares during the period. 88.07% of the stock is currently owned by institutional investors.

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.