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

Fluor Corporation (NYSE:FLR) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $53.3333.

FLR has been the topic of a number of recent analyst reports. UBS Group restated a “buy” rating and set a $57.00 target price on shares of Fluor in a report on Thursday, February 19th. DA Davidson raised their target price on Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Truist Financial restated a “buy” rating and set a $57.00 target price (down from $59.00) on shares of Fluor in a report on Monday, May 11th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Zacks Research cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th.

Insider Activity at Fluor

In other news, insider Mark E. Fields sold 5,178 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $52.36, for a total transaction of $271,120.08. Following the sale, the insider owned 194,514 shares of the company’s stock, valued at $10,184,753.04. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tracey H. Cook sold 2,589 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $53.22, for a total value of $137,786.58. Following the sale, the insider directly owned 10,731 shares in the company, valued at approximately $571,103.82. This represents a 19.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,110 shares of company stock valued at $1,168,920 over the last 90 days. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Fluor

A number of hedge funds have recently modified their holdings of FLR. Starboard Value LP acquired a new stake in shares of Fluor during the fourth quarter worth about $205,732,000. Rubric Capital Management LP acquired a new stake in shares of Fluor during the second quarter worth about $205,080,000. AQR Capital Management LLC raised its position in Fluor by 163.1% in the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock valued at $204,795,000 after buying an additional 3,203,712 shares during the last quarter. Sourcerock Group LLC acquired a new stake in Fluor in the 2nd quarter valued at approximately $85,327,000. Finally, Maverick Capital Ltd. acquired a new stake in Fluor in the 1st quarter valued at approximately $66,036,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Shares of FLR opened at $44.41 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.91 and a debt-to-equity ratio of 0.36. Fluor has a 1 year low of $37.33 and a 1 year high of $57.50. The stock has a market cap of $6.20 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.33. The stock’s 50-day moving average price is $47.27 and its two-hundred day moving average price is $45.82.

Fluor (NYSE:FLR) last issued its earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the business posted $0.73 EPS. Fluor’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities analysts predict that Fluor will post 2.74 earnings per share for the current year.

Fluor Company Profile

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.