Fluor (NYSE:FLR) Sees Strong Trading Volume

Fluor Co. (NYSE:FLRGet Rating) shares saw unusually-strong trading volume on Friday . Approximately 65,532 shares traded hands during mid-day trading, a decline of 94% from the previous session’s volume of 1,067,191 shares.The stock last traded at $25.02 and had previously closed at $25.65.

Analyst Ratings Changes

A number of research firms recently commented on FLR. Citigroup decreased their target price on Fluor from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, August 8th. Credit Suisse Group set a $26.00 price objective on shares of Fluor in a research note on Tuesday, July 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.25.

Fluor Trading Down 3.5 %

The stock has a market cap of $3.52 billion, a PE ratio of -73.85, a price-to-earnings-growth ratio of 0.55 and a beta of 2.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 1.49. The company has a 50 day moving average of $26.01 and a two-hundred day moving average of $26.60.

Fluor (NYSE:FLRGet Rating) last announced its earnings results on Friday, August 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Fluor had a negative net margin of 0.05% and a positive return on equity of 9.11%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. Sell-side analysts anticipate that Fluor Co. will post 1.26 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Several large investors have recently made changes to their positions in FLR. Citigroup Inc. raised its position in shares of Fluor by 42.1% in the fourth quarter. Citigroup Inc. now owns 153,679 shares of the construction company’s stock valued at $3,806,000 after buying an additional 45,555 shares during the last quarter. Pictet Asset Management SA purchased a new position in Fluor in the 4th quarter worth approximately $238,000. Geode Capital Management LLC grew its position in shares of Fluor by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 2,403,904 shares of the construction company’s stock valued at $59,544,000 after purchasing an additional 127,428 shares in the last quarter. Rowland & Co. Investment Counsel ADV acquired a new stake in shares of Fluor in the fourth quarter valued at approximately $138,000. Finally, State Street Corp lifted its position in Fluor by 1.3% during the fourth quarter. State Street Corp now owns 4,560,730 shares of the construction company’s stock worth $112,969,000 after buying an additional 59,291 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Company Profile

(Get Rating)

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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.

Featured Stories

Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.