In yesterday’s Wall Street session, Fluor Corporation (NYSE:FLR) shares traded at $31.10, up 0.06% from the previous session.
11 analysts cover Fluor Corporation (NYSE:FLR), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $30.00, we find $33.50. Given the previous closing price of $31.08, this indicates a potential upside of 7.79 percent. FLR stock price is now 5.55% away from the 50-day moving average and -1.92% away from the 200-day moving average. The market capitalization of the company currently stands at $4.40B.
The stock has received a hold rating from 8 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $35.88 as their price target over the next twelve months.
With the price target enhanced from $25 to $40, DA Davidson Upgraded its rating from Neutral to Buy for Fluor Corporation (NYSE: FLR).
In other news, Dillow Stacy L, EVP, Chief HR Officer sold 20,000 shares of the company’s stock on Jun 07. The stock was sold for $606,088 at an average price of $30.30. Upon completion of the transaction, the EVP, Chief HR Officer now directly owns 75,929 shares in the company, valued at $2.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, Group President Breuer James R sold 4,000 shares of the business’s stock. A total of $151,231 was realized by selling the stock at an average price of $37.81. This leaves the insider owning 41,742 shares of the company worth $1.3 million. Insiders disposed of 240,958 shares of company stock worth roughly $7.49 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FLR stock. A new stake in Fluor Corporation shares was purchased by MASTERS CAPITAL MANAGEMENT LLC during the first quarter worth $31,100,000. CLEAR SKY ADVISERS, LLC invested $7,962,000 in shares of FLR during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Fluor Corporation valued at approximately $6,239,000. APPIAN WAY ASSET MANAGEMENT LP acquired a new stake in FLR for approximately $5,296,000. HRT FINANCIAL LP purchased a new stake in FLR valued at around $4,236,000 in the second quarter. In total, there are 472 active investors with 99.20% ownership of the company’s stock.
On Thursday morning Fluor Corporation (NYSE: FLR) stock kicked off with the opening price of $31.00. During the past 12 months, Fluor Corporation has had a low of $23.03 and a high of $38.20. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for FLR is $29.53 and a two-hundred day moving average price translates $31.73 for the stock.
The latest earnings results from Fluor Corporation (NYSE: FLR) was released for Mar, 2023. According to the Engineering & Construction Company, earnings per share came in at $0.28, missing analysts’ expectations of $0.37 by -0.09. This compares to $0.39 EPS in the same period last year. The net profit margin was -0.30% and return on equity was -3.00% for FLR. The company reported revenue of $3.75 billion for the quarter, compared to $3.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.18 percent. For the current quarter, analysts expect FLR to generate $3.68B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/02/2020. Investors who held shares on 03/02/2020 were paid a $0.10 dividend.
Fluor Corporation(FLR) Company Profile
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. 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. It also provides consulting services, including feasibility studies, process assessments, and project finance structuring; and a range of services for small modular reactor technologies, as well as operation support services for nuclear power facilities and managing waste. This segment serves the oil, gas, and petrochemical industries. The Urban Solutions segment offers EPC and project management services to the infrastructure, advanced technologies, life sciences, and mining and metals industries. This segment also provides staffing services to the company and third-party clients with technical, professional, and craft resources on a contract or permanent placement basis. The Mission Solutions segment offers technical solutions to the U.S. and other governments. It also delivers solutions for nuclear security and operation, nuclear waste management, and laboratory management; and operation and maintenance, logistics, EPC, and life support solutions for mission-critical facilities across U.S. military service organizations. This segment offers site management, environmental remediation, and decommissioning for nuclear remediation at governmental facilities, as well as services to commercial nuclear clients. The Other segment researches, develops, licenses, and commercializes small modular reactor technology. The company was founded in 1912 and is headquartered in Irving, Texas.
