Fluor (NYSE:FLR) Sets New 12-Month Low – Time to Sell?

Fluor Co. (NYSE:FLR) shares hit a new 52-week low on Monday . The company traded as low as $34.76 and last traded at $35.28, with a volume of 130845 shares trading hands. The stock had previously closed at $36.14.

Analysts Set New Price Targets

A number of research analysts have commented on FLR shares. Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Robert W. Baird decreased their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Truist Financial dropped their target price on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Citigroup dropped 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The stock has a market cap of $5.81 billion, a PE ratio of 2.83, a PEG ratio of 1.36 and a beta of 1.73. The firm has a 50 day moving average of $45.83 and a two-hundred day moving average of $49.24.

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

Hedge Funds Weigh In On Fluor

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after purchasing an additional 527 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Fluor in the 4th quarter valued at about $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after purchasing an additional 287 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in Fluor in the fourth quarter valued at about $57,000. 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.