Fluor (NYSE:FLR) Stock Price Expected to Rise, DA Davidson Analyst Says

Fluor (NYSE:FLR) had its price objective raised by DA Davidson from $58.00 to $65.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the construction company’s stock. DA Davidson also issued estimates for Fluor’s Q4 2024 earnings at $0.79 EPS, FY2024 earnings at $2.64 EPS and FY2025 earnings at $2.98 EPS.

Several other research analysts have also recently commented on the stock. Truist Financial raised their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group upped their target price on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp raised their price target on Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays upped their price objective on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Finally, Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $60.29.

Fluor Trading Up 2.2 %

Shares of NYSE:FLR opened at $51.93 on Tuesday. The stock has a market cap of $8.91 billion, a PE ratio of 34.62, a P/E/G ratio of 3.93 and a beta of 1.90. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor has a 12-month low of $35.04 and a 12-month high of $60.10. The business has a 50 day moving average of $50.14 and a 200-day moving average of $46.73.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company earned $1.02 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Fluor will post 2.62 earnings per share for the current year.

Insider Activity at Fluor

In other news, CFO Joseph L. Brennan sold 15,335 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were 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 approximately $2,751,163.38. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 31,261 shares of company stock valued at $1,528,574 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. ORG Partners LLC acquired a new position in shares of Fluor in the second quarter worth approximately $34,000. GAMMA Investing LLC boosted its holdings in shares of Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after buying an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Fluor by 6,642.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after purchasing an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Fluor during the 2nd quarter worth approximately $51,000. Finally, Quest Partners LLC acquired a new position in shares of Fluor during the second quarter worth approximately $52,000. 88.07% of the stock is owned by institutional investors.

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.