DA Davidson Cuts Fluor (NYSE:FLR) Price Target to $55.00

Fluor (NYSE:FLR) had its target price lowered by DA Davidson from $65.00 to $55.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock. DA Davidson also issued estimates for Fluor’s Q1 2025 earnings at $0.58 EPS, FY2025 earnings at $2.50 EPS and FY2026 earnings at $2.85 EPS.

FLR has been the subject of several other reports. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. UBS Group raised their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup cut their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Robert W. Baird cut their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Fluor Stock Down 5.3 %

Fluor stock opened at $37.73 on Wednesday. Fluor has a twelve month low of $35.04 and a twelve month high of $60.10. The firm has a 50 day moving average price of $48.66 and a 200-day moving average price of $50.01. The company has a market capitalization of $6.37 billion, a P/E ratio of 3.10, a P/E/G ratio of 3.23 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. As a group, equities analysts predict that Fluor will post 2.5 EPS for the current year.

Insider Buying and Selling at Fluor

In other news, insider Mark E. Fields sold 50,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

Several institutional investors and hedge funds have recently made changes to their positions in FLR. CWM LLC raised its position in shares of Fluor by 34.9% during the 3rd quarter. CWM LLC now owns 5,414 shares of the construction company’s stock valued at $258,000 after buying an additional 1,400 shares in the last quarter. Creative Planning raised its position in shares of Fluor by 35.5% during the 3rd quarter. Creative Planning now owns 42,001 shares of the construction company’s stock valued at $2,004,000 after buying an additional 11,014 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in Fluor in the 3rd quarter worth $418,000. Bleakley Financial Group LLC purchased a new position in Fluor in the 3rd quarter worth $204,000. Finally, Raymond James & Associates lifted its stake in Fluor by 9.4% in the third quarter. Raymond James & Associates now owns 96,025 shares of the construction company’s stock worth $4,581,000 after purchasing an additional 8,232 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.