Fluor Corporation (NYSE:FLR) Receives Average Rating of “Hold” from Brokerages

Shares of Fluor Corporation (NYSE:FLRGet Free Report) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $63.3333.

Several equities research analysts have recently weighed in on the company. Truist Financial reissued a “buy” rating and issued a $71.00 price objective (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. Citigroup boosted their target price on shares of Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. UBS Group raised their price target on shares of Fluor from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Barclays upped their price objective on shares of Fluor from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th.

View Our Latest Stock Report on Fluor

Fluor Trading Down 2.1%

Shares of NYSE:FLR opened at $51.30 on Tuesday. The company has a market cap of $6.86 billion, a P/E ratio of -4.18, a P/E/G ratio of 1.65 and a beta of 1.25. The stock’s 50-day moving average is $51.56 and its 200-day moving average is $49.07. Fluor has a 52-week low of $39.33 and a 52-week high of $57.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 1.80.

Fluor (NYSE:FLRGet Free Report) last posted its quarterly earnings data on Friday, August 7th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. Equities research analysts predict that Fluor will post 2.66 earnings per share for the current year.

Insider Buying and Selling

In other Fluor news, insider Pierre Edward Bechelany sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.24, for a total value of $276,200.00. Following the completion of the transaction, the insider owned 36,064 shares of the company’s stock, valued at $1,992,175.36. This represents a 12.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Fluor

A number of institutional investors and hedge funds have recently modified their holdings of FLR. Seelaus Asset Management LLC boosted its stake in Fluor by 2.9% during the fourth quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock worth $348,000 after buying an additional 245 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after buying an additional 248 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after acquiring an additional 311 shares during the period. HB Wealth Management LLC boosted its position in shares of Fluor by 7.2% during the 2nd quarter. HB Wealth Management LLC now owns 5,191 shares of the construction company’s stock valued at $272,000 after acquiring an additional 348 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Fluor by 16.4% in the first quarter. Parallel Advisors LLC now owns 2,667 shares of the construction company’s stock valued at $124,000 after acquiring an additional 375 shares during the period. 88.07% of the stock is currently owned by institutional investors.

About Fluor

(Get Free Report)

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.

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Analyst Recommendations for Fluor (NYSE:FLR)

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