Fluor (NYSE:FLR) Stock Price Expected to Rise, UBS Group Analyst Says

Fluor (NYSE:FLR) had its price target lifted by stock analysts at UBS Group from $48.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective points to a potential upside of 18.79% from the company’s previous close.

A number of other research analysts also recently commented on FLR. Wall Street Zen downgraded Fluor from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Barclays set a $40.00 price target on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Truist Financial lifted their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Robert W. Baird set a $41.00 target price on Fluor in a report on Monday, May 5th. Finally, KeyCorp reduced their price target on Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Fluor currently has an average rating of “Moderate Buy” and an average target price of $47.14.

Fluor Price Performance

Shares of FLR opened at $50.51 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 2.38 and a beta of 1.30. The business’s 50-day moving average is $40.15 and its 200-day moving average is $42.50. Fluor has a fifty-two week low of $29.20 and a fifty-two week high of $60.10.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.23. Fluor had a net margin of 11.13% and a return on equity of 14.59%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

Insider Transactions at Fluor

In other Fluor news, Chairman David E. Constable sold 40,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $49.00, for a total value of $1,999,200.00. Following the completion of the sale, the chairman now owns 870,627 shares in the company, valued at approximately $42,660,723. This trade represents a 4.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alvin C. Collins III sold 18,920 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total value of $859,535.60. Following the sale, the insider now owns 64,383 shares in the company, valued at approximately $2,924,919.69. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hurley Capital LLC bought a new position in shares of Fluor during the 1st quarter worth about $29,000. Sterling Capital Management LLC lifted its stake 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 purchasing an additional 408 shares during the period. Strategic Investment Solutions Inc. IL boosted its holdings in Fluor by 800.0% during the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company’s stock valued at $32,000 after purchasing an additional 800 shares in the last quarter. SBI Securities Co. Ltd. grew its stake 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 valued at $39,000 after purchasing an additional 760 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Fluor by 121.5% in the 1st quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after buying an additional 666 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

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.