Fluor Corporation (NYSE: FLR) is -6.36% lower on its value in year-to-date trading and has touched a low of $25.69 and a high of $43.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FLR stock was last observed hovering at around $36.85 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $36.68, the stock is -4.36% and -3.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -0.46% at the moment leaves the stock 5.27% off its SMA200. FLR registered -0.52% loss for a year compared to 6-month gain of 0.80%. The firm has a 50-day simple moving average (SMA 50) of $0.31 and a 200-day simple moving average (SMA200) of $10.74.
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The stock witnessed a -2.86% loss in the last 1 month and extending the period to 3 months gives it a -6.14%, and is 0.96% 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 2.79% over the week and 3.68% over the month.
Fluor Corporation (FLR) has around 30187 employees, a market worth around $6.25B and $15.47B in sales. Current P/E ratio is 74.43 and Fwd P/E is 11.65. Profit margin for the company is 0.52%. Distance from 52-week low is 42.78% and -15.17% from its 52-week high. The company has generated returns on investments over the last 12 months (2.53%).
Fluor Corporation quarterly earnings per share for the current quarter are estimated at $0.55 with sales reaching $4.02B over the same period.The EPS is expected to grow by 2.87% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 7.20% in year-over-year returns.
511 institutions hold shares in Fluor Corporation (FLR), with institutional investors hold 91.49% of the company’s shares. The shares outstanding are 170.41M, and float is at 167.65M with Short Float at 3.80%. Institutions hold 89.98% of the Float.
The top institutional shareholder in the company is Wellington Management Group, LLP with over 17.56 million shares valued at $519.91 million. The investor’s holdings represent 12.25% of the FLR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.33 million shares valued at $512.82 million to account for 12.08% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 14.28 million shares representing 9.96% and valued at over $422.81 million, while FMR, LLC holds 7.88% of the shares totaling 11.3 million with a market value of $334.43 million.
Fluor Corporation (FLR) Insider Activity
The most recent transaction is an insider sale by Dillow Stacy L, the company’s EVP, Chief HR Officer. SEC filings show that Dillow Stacy L sold 20,000 shares of the company’s common stock on Jun 07 ’23 at a price of $30.30 per share for a total of $0.61 million. Following the sale, the insider now owns 75929.0 shares.
