Fluor Co. (NYSE:FLR - Get Free Report)'s stock price traded up 7.7% during trading on Wednesday . The company traded as high as $48.96 and last traded at $48.32. 2,195,531 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 2,446,628 shares. The stock had previously closed at $44.87.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Truist Financial lifted their price objective on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Robert W. Baird set a $41.00 price objective on Fluor in a research report on Monday, May 5th. DA Davidson lowered their price target on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. UBS Group lowered their price target on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Barclays set a $40.00 price target on Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Fluor presently has an average rating of "Moderate Buy" and an average target price of $45.43.
View Our Latest Report on FLR
Fluor Price Performance
The company has a 50-day moving average price of $37.48 and a two-hundred day moving average price of $43.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a market cap of $7.97 billion, a PE ratio of 3.97, a P/E/G ratio of 1.36 and a beta of 1.30.
Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company's revenue was up 6.6% compared to the same quarter last year. Sell-side analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $45.43, for a total transaction of $859,535.60. Following the sale, the insider now owns 64,383 shares in the company, valued at $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.70% of the company's stock.
Institutional Trading of Fluor
Several institutional investors and hedge funds have recently bought and sold shares of FLR. Hurley Capital LLC bought a new stake in shares of Fluor in the 1st quarter worth approximately $29,000. Sterling Capital Management LLC lifted its holdings in shares of Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after purchasing an additional 408 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings 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 purchasing an additional 800 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter worth approximately $33,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Fluor by 222.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,101 shares of the construction company's stock worth $39,000 after purchasing an additional 760 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.
About Fluor
(
Get Free Report)
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.
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