Fluor Co. (NYSE:FLR) Given Consensus Rating of “Moderate Buy” by Analysts

Fluor Co. (NYSE:FLR) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $54.71.

FLR has been the topic of a number of recent research reports. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Robert W. Baird reduced their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup reduced their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Truist Financial reduced their price target on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th.

Institutional Trading of Fluor

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in Fluor by 42.1% in the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock worth $41,077,000 after acquiring an additional 254,904 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Fluor by 4.7% in the third quarter. Crossmark Global Holdings Inc. now owns 8,510 shares of the construction company’s stock worth $406,000 after acquiring an additional 381 shares during the period. Los Angeles Capital Management LLC lifted its stake in Fluor by 139.1% in the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after acquiring an additional 9,992 shares during the period. Wolverine Asset Management LLC lifted its stake in Fluor by 5.9% in the third quarter. Wolverine Asset Management LLC now owns 9,000 shares of the construction company’s stock worth $429,000 after acquiring an additional 500 shares during the period. Finally, Versor Investments LP purchased a new stake in Fluor in the third quarter worth $1,069,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Up 1.4 %

FLR stock opened at $37.34 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $44.12 and its 200 day moving average is $48.66. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 3.06, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. Fluor has a 1-year low of $34.01 and a 1-year high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Sell-side analysts predict that Fluor will post 2.5 EPS for the current fiscal year.

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.