Fluor (NYSE:FLR) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a report released on Saturday.

Several other equities analysts have also weighed in on the stock. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson cut their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Citigroup decreased their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Barclays set a $40.00 target price on Fluor and gave the company an “equal weight” rating in a report on Thursday. Finally, KeyCorp upped their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Trading Down 3.1 %

Shares of NYSE:FLR opened at $36.87 on Friday. The firm has a fifty day moving average of $46.96 and a two-hundred day moving average of $49.58. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor has a 12-month low of $36.00 and a 12-month high of $60.10. The firm has a market capitalization of $6.22 billion, a P/E ratio of 3.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, equities analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

Insider Activity

In other news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the sale, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fluor

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after purchasing an additional 527 shares during the last quarter. Sterling Capital Management LLC grew its position in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Fluor during the fourth quarter valued at about $33,000. Smartleaf Asset Management LLC raised its holdings in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after acquiring an additional 287 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Fluor in the 4th quarter worth approximately $57,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Company Profile

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