Fluor Corporation (NYSE:FLR) Receives $54.33 Consensus PT from Analysts

Fluor Corporation (NYSE:FLR) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $54.3333.

FLR has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Fluor in a research report on Thursday, February 19th. Truist Financial increased their target price on Fluor from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings downgraded Fluor from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Finally, Zacks Research raised Fluor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th.

Insider Transactions at Fluor

In other Fluor news, insider Mark E. Fields sold 5,178 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $52.36, for a total value of $271,120.08. Following the completion of the sale, the insider directly owned 194,514 shares of the company’s stock, valued at $10,184,753.04. This represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael E. Alexander sold 3,387 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $53.07, for a total transaction of $179,748.09. Following the transaction, the insider owned 68,664 shares in the company, valued at approximately $3,643,998.48. The trade was a 4.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders 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

A number of hedge funds have recently modified their holdings of the company. Starboard Value LP bought a new stake in shares of Fluor during the fourth quarter valued at approximately $205,732,000. AQR Capital Management LLC lifted its position in Fluor by 163.1% in the fourth quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after purchasing an additional 3,203,712 shares during the period. Dimensional Fund Advisors LP boosted its stake in Fluor by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock worth $178,962,000 after buying an additional 377,985 shares in the last quarter. Rubric Capital Management LP increased its holdings in Fluor by 12.5% in the 3rd quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock valued at $189,315,000 after buying an additional 500,000 shares during the period. Finally, Morgan Stanley raised its stake in shares of Fluor by 0.6% in the 4th quarter. Morgan Stanley now owns 3,405,733 shares of the construction company’s stock valued at $134,969,000 after buying an additional 20,210 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Down 2.1%

NYSE:FLR opened at $47.11 on Wednesday. The company’s 50 day moving average is $47.75 and its 200-day moving average is $45.61. 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 12 month low of $33.55 and a 12 month high of $57.50. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of -60.39, a P/E/G ratio of 1.20 and a beta of 1.30.

Fluor (NYSE:FLR) last posted its earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.27 billion. Fluor had a negative net margin of 0.34% and a positive return on equity of 7.96%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. Equities analysts anticipate that Fluor will post 2.75 EPS for the current year.

About Fluor

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.