Fluor Corporation (NYSE:FLR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Fluor Corporation (NYSE:FLR) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $54.3333.

FLR has been the subject of several recent research reports. Zacks Research raised Fluor from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Citigroup lifted their price target on shares of Fluor from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. DA Davidson increased their price objective on shares of Fluor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, UBS Group reaffirmed a “buy” rating and set a $57.00 target price on shares of Fluor in a report on Thursday, February 19th.

Fluor Stock Down 6.4%

Shares of FLR opened at $44.81 on Friday. The business’s fifty day moving average price is $46.83 and its two-hundred day moving average price is $44.74. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of -57.45, a PEG ratio of 1.19 and a beta of 1.36. Fluor has a 52 week low of $29.20 and a 52 week high of $57.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.91 and a current ratio of 1.91.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, analysts predict that Fluor will post 2.5 earnings per share for the current year.

Insider Buying and Selling at Fluor

In other Fluor news, insider Mark E. Fields sold 5,178 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $52.36, for a total transaction of $271,120.08. Following the transaction, the insider owned 194,514 shares in the company, valued at approximately $10,184,753.04. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael E. Alexander sold 3,387 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $53.07, for a total value of $179,748.09. Following the transaction, the insider owned 68,664 shares of the company’s stock, valued at $3,643,998.48. The trade was a 4.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,110 shares of company stock valued at $1,168,920 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Fluor

A number of hedge funds have recently modified their holdings of FLR. Farther Finance Advisors LLC grew its holdings in Fluor by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 3,591 shares of the construction company’s stock valued at $151,000 after purchasing an additional 223 shares during the period. Seelaus Asset Management LLC raised its holdings in Fluor by 2.9% in the fourth quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company’s stock worth $348,000 after purchasing an additional 245 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fluor by 7.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Fluor by 3.1% in the 3rd quarter. Brighton Jones LLC now owns 9,060 shares of the construction company’s stock valued at $381,000 after buying an additional 273 shares during the period. Finally, Clearstead Advisors LLC increased its position in shares of Fluor by 20.9% in the 3rd quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock valued at $67,000 after buying an additional 276 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.