Fluor (NYSE:FLR) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Fluor Corporation (NYSE:FLR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $46.25 and traded as high as $51.84. Fluor shares last traded at $50.6360, with a volume of 1,976,218 shares.

Wall Street Analysts Forecast Growth

Several research firms have commented on FLR. Citigroup reduced their price objective on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Robert W. Baird increased their price target on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, UBS Group reissued a “buy” rating and issued a $57.00 price objective on shares of Fluor in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.33.

Fluor Price Performance

The stock has a fifty day simple moving average of $48.23 and a two-hundred day simple moving average of $46.39. The company has a market cap of $7.48 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36.

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 business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company posted $0.73 earnings per share. The business’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities analysts predict that Fluor Corporation will post 2.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its holdings in shares of Fluor by 91.7% in the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares in the last quarter. Assetmark Inc. grew its position in Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after buying an additional 483 shares during the period. Los Angeles Capital Management LLC acquired a new position in Fluor during the fourth quarter worth about $27,000. Larson Financial Group LLC increased its holdings in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares in the last quarter. Finally, Banque Transatlantique SA lifted its position in shares of Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock valued at $43,000 after acquiring an additional 625 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.