Analysts Set Fluor Corporation (NYSE:FLR) Price Target at $54.33

Fluor Corporation (NYSE:FLR) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.3333.

FLR has been the topic of several recent research reports. Weiss Ratings upgraded Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday. UBS Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Fluor in a report on Thursday, February 19th. Citigroup dropped their price objective on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a report on Monday. Zacks Research cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st.

Insiders Place Their Bets

In other Fluor news, insider Anthony Morgan sold 3,387 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $53.09, for a total value of $179,815.83. Following the completion of the sale, the insider owned 45,999 shares in the company, valued at approximately $2,442,086.91. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael E. Alexander sold 3,387 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $53.07, for a total value of $179,748.09. Following the completion of the transaction, the insider owned 68,664 shares of the company’s stock, valued at approximately $3,643,998.48. The trade was a 4.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,110 shares of company stock worth $1,168,920. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLR. Global Retirement Partners LLC increased its position in Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after buying an additional 311 shares in the last quarter. Assetmark Inc. increased its position in Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Fluor during the 4th quarter valued at approximately $27,000. CoreCap Advisors LLC increased its position in Fluor by 129.5% during the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in Fluor by 6,116.7% during the 3rd 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. Institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

FLR opened at $45.49 on Friday. The stock’s 50 day simple moving average is $47.34 and its 200 day simple moving average is $45.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.91. Fluor has a 1 year low of $37.33 and a 1 year high of $57.50. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.37 and a beta of 1.33.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. Fluor’s revenue was down 8.0% compared to the same quarter last year. As a group, analysts predict that Fluor will post 2.74 earnings per share for the current year.

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.