Fluor (NYSE:FLR) Sets New 12-Month Low – Here’s Why

Fluor Co. (NYSE:FLR) reached a new 52-week low during trading on Tuesday . The company traded as low as $35.83 and last traded at $35.84, with a volume of 43752 shares changing hands. The stock had previously closed at $36.92.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FLR shares. DA Davidson decreased their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird reduced their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Stock Performance

The firm has a 50-day moving average price of $46.96 and a two-hundred day moving average price of $49.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm has a market capitalization of $6.00 billion, a P/E ratio of 2.92, a P/E/G ratio of 1.36 and a beta of 1.89.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) 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 analysts’ expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, analysts forecast that Fluor Co. will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Fluor news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Fluor

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Fluor by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after acquiring an additional 168,822 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after purchasing an additional 51,018 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Fluor by 3.6% during the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock valued at $152,596,000 after purchasing an additional 107,327 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Fluor by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock worth $124,087,000 after buying an additional 25,528 shares during the last quarter. Finally, Northern Trust Corp increased its position in Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock valued at $117,971,000 after buying an additional 273,156 shares in the last quarter. 88.07% of the stock is currently 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.