Fluor (NYSE:FLR) Shares Climb 4.2% – What’s Next?

Fluor Corporation (NYSE:FLR) shares rose 4.2% during trading on Tuesday. The stock traded as high as $50.81 and last traded at $51.2870. Approximately 289,498 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,641,078 shares. The stock had previously closed at $49.22.

Wall Street Analyst Weigh In

FLR has been the subject of several recent research reports. UBS Group upped their target price on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings cut Fluor from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Barclays lifted their target price on shares of Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Citigroup lifted their target price on Fluor from $56.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.33.

Fluor Price Performance

The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of -4.07, a PEG ratio of 1.04 and a beta of 1.26. The stock’s 50 day simple moving average is $52.89 and its 200-day simple moving average is $50.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.80.

Fluor (NYSE:FLR) last posted its earnings results on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.92 billion. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. On average, analysts expect that Fluor Corporation will post 2.67 EPS for the current fiscal year.

Insider Transactions at Fluor

In related news, insider Pierre Bechelany sold 5,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $55.24, for a total value of $276,200.00. Following the transaction, the insider directly owned 36,064 shares in the company, valued at approximately $1,992,175.36. This trade represents a 12.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Maverick Capital Ltd. bought a new position in shares of Fluor during the 1st quarter worth about $66,036,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Fluor during the fourth quarter valued at approximately $39,546,000. Moore Capital Management LP raised its stake in shares of Fluor by 220.0% in the second quarter. Moore Capital Management LP now owns 520,000 shares of the construction company’s stock valued at $27,243,000 after purchasing an additional 357,521 shares in the last quarter. Troluce Capital Advisors LLC bought a new position in Fluor in the first quarter worth $18,660,000. Finally, Principal Financial Group Inc. lifted its position in Fluor by 3.7% in the first quarter. Principal Financial Group Inc. now owns 362,226 shares of the construction company’s stock worth $16,898,000 after purchasing an additional 13,082 shares during the period. 88.07% of the stock is owned by institutional investors.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, construction and project management company. It provides design and construction services, program management, operations and maintenance, and other professional services for complex capital projects. Fluor serves clients in areas including energy, chemicals and petrochemicals, advanced technologies, infrastructure, mining and metals, and government and defense.

The company delivers projects across the full development cycle, from front-end engineering and design through procurement, construction, commissioning and ongoing operations.