364 institutions hold shares in Fluor Corporation (FLR), with 2.99M shares held by insiders accounting for 2.13% while institutional investors hold 79.21% of the company’s shares. The shares outstanding are 140.60M, and float is at 137.70M with Short Float at 3.29%. Institutions hold 77.53% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 14.77 million shares valued at $235.8 million. The investor’s holdings represent 10.49% of the FLR Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 11.2 million shares valued at $178.9 million to account for 7.96% of the shares outstanding. The other top investors are Hotchkis & Wiley Capital Management, LLC which holds 6.97 million shares representing 4.95% and valued at over $111.3 million, while FMR, LLC holds 4.11% of the shares totaling 5.79 million with a market value of $92.42 million.
Fluor Corporation (NYSE: FLR) is 19.72% higher on its value in year-to-date trading and has touched a low of $2.85 and a high of $21.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLR stock was last observed hovering at around $17.30 in the last trading session, with the day’s gains setting it 1.82% off its average median price target of $18.50 for the next 12 months. It is also 36.27% off the consensus price target high of $30.00 offered by 9 analysts, but current levels are -36.57% lower than the price target low of $14.00 for the same period.
Currently trading at $19.12, the stock is 4.14% and 6.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.17 million and changing 10.52% at the moment leaves the stock 44.15% off its SMA200. FLR registered 29.72% gain for a year compared to 6-month gain of 88.19%. The firm has a 50-day simple moving average (SMA 50) of $18.57 and a 200-day simple moving average (SMA200) of $13.99.
The stock witnessed a -7.81% loss in the last 1 month and extending the period to 3 months gives it a 30.16%, and is 6.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.06% over the week and 5.69% over the month.
Fluor Corporation (FLR) has around 50182 employees, a market worth around $2.56B and $15.74B in sales. Fwd P/E is 18.46. Profit margin for the company is -2.80%. Distance from 52-week low is 570.88% and -11.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-54.00%).
Fluor Corporation (FLR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fluor Corporation (FLR) is a “Hold”. 9 analysts offering their recommendations for the stock have an average rating of 3.00, where 7 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Fluor Corporation is expected to release its quarterly report on 10/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $3.76B over the same period.The EPS is expected to grow by 88.70% this year, but quarterly earnings will post 10.40% year-over-year. Quarterly sales are estimated to grow 0.80% in year-over-year returns.
Fluor Corporation (FLR) Insider Activity
A total of 27 insider transactions have happened at Fluor Corporation (FLR) in the last six months, with sales accounting for 0 and purchases happening 27 times.
Fluor Corporation (FLR): Who are the competitors?
The company’s main competitors (and peers) include BWX Technologies Inc. (BWXT) that is trading -17.70% down over the past 12 months. Quanta Services Inc. (PWR) is 94.68% up on the 1-year trading charts. Short interest in the company’s stock has fallen -23.62% from the last report on Dec 30, 2020 to stand at a total of 5.6 million short shares sold with a short interest ratio of 2.67.