KeyCorp Issues Positive Forecast for Fluor (NYSE:FLR) Stock Price

Fluor (NYSE:FLR) had its target price upped by KeyCorp from $59.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

FLR has been the topic of several other research reports. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Robert W. Baird reaffirmed a “neutral” rating and set a $58.00 target price (up from $54.00) on shares of Fluor in a report on Wednesday, December 18th. UBS Group lifted their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial raised their target price on shares of Fluor from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, DA Davidson boosted their price target on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Fluor has a consensus rating of “Moderate Buy” and a consensus price target of $60.29.

Fluor Stock Down 2.5 %

Shares of FLR stock opened at $49.27 on Wednesday. Fluor has a 1 year low of $35.04 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The business’s fifty day moving average is $52.89 and its 200-day moving average is $49.74. The stock has a market cap of $8.45 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 4.27 and a beta of 1.89.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. Fluor’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. Equities analysts expect that Fluor will post 2.62 earnings per share for the current fiscal year.

Insider Activity at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the transaction, the insider now owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLR. Diversified Trust Co grew its stake in shares of Fluor by 5.8% in the fourth quarter. Diversified Trust Co now owns 39,090 shares of the construction company’s stock worth $1,928,000 after acquiring an additional 2,150 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Fluor by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock valued at $112,000 after purchasing an additional 213 shares during the period. Versant Capital Management Inc grew its position in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after purchasing an additional 527 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Fluor by 42.1% during the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock worth $41,077,000 after purchasing an additional 254,904 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Fluor during the third quarter valued at about $215,000. Institutional investors own 88.07% of the company’s stock.

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.