Fluor (NYSE:FLR) Sets New 12-Month High – Should You Buy?

by · The Cerbat Gem

Shares of Fluor Co. (NYSE:FLR – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $55.86 and last traded at $55.11, with a volume of 241405 shares. The stock had previously closed at $55.00.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of research reports. UBS Group raised their price objective on Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Citigroup upped their price objective on shares of Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. DA Davidson lifted their price objective on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays upped their target price on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Robert W. Baird lifted their price target on Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.71.

Check Out Our Latest Stock Analysis on FLR

Fluor Stock Performance

The stock has a market cap of $9.21 billion, a P/E ratio of 31.98, a PEG ratio of 2.18 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is $48.39 and its 200 day simple moving average is $45.09.

Fluor (NYSE:FLR – Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Fluor Co. will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at Fluor

In related news, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the sale, the chief financial officer now owns 41,908 shares of the company’s stock, valued at approximately $2,107,972.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total value of $584,435.70. Following the sale, the chief financial officer now directly owns 41,908 shares in the company, valued at approximately $2,107,972.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph L. Brennan sold 15,335 shares of Fluor stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the transaction, the chief financial officer now owns 57,834 shares of the company’s stock, valued at $2,751,163.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,261 shares of company stock worth $2,156,604 over the last three months. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Fluor

A number of institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in shares of Fluor in the second quarter worth about $34,000. GAMMA Investing LLC grew its position in shares of Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Fluor in the second quarter worth $51,000. Finally, Quest Partners LLC bought a new position in Fluor in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Company Profile

(Get Free Report)

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.

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