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

Shares of Fluor Corporation (NYSE:FLR) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $63.3333.

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a report on Friday, August 7th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Truist Financial restated a “buy” rating and issued a $71.00 price target (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. UBS Group lifted their price objective on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Wall Street Zen raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Saturday, August 15th.

Insider Buying and Selling at Fluor

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Starboard Value LP bought a new stake in Fluor during the fourth quarter valued at about $205,732,000. Rubric Capital Management LP bought a new position in shares of Fluor in the second quarter worth about $205,080,000. AQR Capital Management LLC grew its position in shares of Fluor by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after purchasing an additional 3,203,712 shares in the last quarter. Sourcerock Group LLC bought a new stake in Fluor during the 2nd quarter valued at approximately $85,327,000. Finally, Maverick Capital Ltd. bought a new stake in Fluor during the 1st quarter valued at approximately $66,036,000. Institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

FLR opened at $52.30 on Tuesday. Fluor has a 12-month low of $39.33 and a 12-month high of $57.93. The company has a market cap of $6.99 billion, a price-to-earnings ratio of -4.26, a PEG ratio of 1.65 and a beta of 1.25. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $51.54 and its 200 day moving average is $49.02.

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

About Fluor

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.