Fluor (NYSE:FLR) Price Target Increased to $46.00 by Analysts at Robert W. Baird

Fluor (NYSE:FLR) had its target price upped by Robert W. Baird from $42.00 to $46.00 in a report released on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Several other equities analysts also recently weighed in on FLR. TheStreet downgraded shares of Fluor from a b- rating to a c rating in a research note on Wednesday, February 21st. KeyCorp initiated coverage on shares of Fluor in a report on Wednesday, January 10th. They set a sector weight rating on the stock. Truist Financial reiterated a buy rating and issued a $46.00 price target on shares of Fluor in a research report on Monday, March 25th. Finally, Citigroup increased their price objective on Fluor from $45.00 to $47.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $44.00.

Fluor Stock Performance

NYSE:FLR traded down $0.69 during trading on Monday, reaching $38.32. The company’s stock had a trading volume of 57,746 shares, compared to its average volume of 1,559,165. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 3.08 and a beta of 2.11. Fluor has a 12 month low of $25.69 and a 12 month high of $43.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.67. The firm has a 50 day moving average of $39.81 and a 200-day moving average of $38.45.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the company posted $0.28 earnings per share. Fluor’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that Fluor will post 2.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Fluor by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock worth $653,546,000 after buying an additional 243,371 shares during the last quarter. Vanguard Group Inc. increased its stake in Fluor by 18.6% in the fourth quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock valued at $668,278,000 after acquiring an additional 2,670,473 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Fluor by 12.6% during the third quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company’s stock worth $72,494,000 after purchasing an additional 220,962 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fluor by 13.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,056 shares of the construction company’s stock worth $57,974,000 after purchasing an additional 177,907 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in shares of Fluor by 18.0% during the 1st quarter. Hennessy Advisors Inc. now owns 810,700 shares of the construction company’s stock valued at $34,276,000 after buying an additional 123,500 shares in the last quarter. 88.07% of the stock is currently 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.