Fluor Corporation (NYSE:FLR) Given Average Recommendation of “Hold” by Analysts

Shares of Fluor Corporation (NYSE:FLR) have earned an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $63.3333.

A number of brokerages have recently issued reports on FLR. Barclays increased their target price on Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings lowered Fluor from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Citigroup raised their price objective on Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Robert W. Baird lifted their price target on Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, August 10th.

Fluor Stock Performance

Shares of FLR stock opened at $52.97 on Friday. Fluor has a 52-week low of $39.33 and a 52-week high of $58.35. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average price is $52.46 and its 200 day moving average price is $49.73. The stock has a market capitalization of $7.08 billion, a PE ratio of -4.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26.

Fluor (NYSE:FLR) last issued its quarterly earnings results 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. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%.The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Fluor will post 2.66 EPS for the current year.

Insider Buying and Selling

In other news, insider Pierre Bechelany sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $55.24, for a total value of $276,200.00. Following the transaction, the insider directly owned 36,064 shares in the company, valued at $1,992,175.36. This trade represents a 12.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluor

Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP grew its stake in shares of Fluor by 49.8% in the second quarter. Engineers Gate Manager LP now owns 43,131 shares of the construction company’s stock valued at $2,260,000 after buying an additional 14,331 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Fluor by 10.0% in the second quarter. NewEdge Advisors LLC now owns 5,092 shares of the construction company’s stock valued at $267,000 after buying an additional 464 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Fluor during the 2nd quarter valued at approximately $9,503,000. Baird Financial Group Inc. lifted its position in shares of Fluor by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 298,924 shares of the construction company’s stock worth $15,661,000 after buying an additional 23,351 shares during the last quarter. Finally, West Family Investments Inc. bought a new position in Fluor in the second quarter worth about $206,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, construction and project management company. It provides design and construction services, program management, operations and maintenance, and other professional services for complex capital projects. Fluor serves clients in areas including energy, chemicals and petrochemicals, advanced technologies, infrastructure, mining and metals, and government and defense.

The company delivers projects across the full development cycle, from front-end engineering and design through procurement, construction, commissioning and ongoing operations.