Fluor (NYSE:FLR) Given Hold (C) Rating at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Fluor (NYSE:FLR) in a research report released on Tuesday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the stock. UBS Group cut their target price on shares of Fluor from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. KeyCorp cut shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price on the stock. in a report on Tuesday, July 15th. Citigroup cut their target price on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Wall Street Zen cut shares of Fluor from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Truist Financial cut their target price on shares of Fluor from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.43.

Fluor Stock Up 2.2%

FLR stock opened at $48.26 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. Fluor has a twelve month low of $29.20 and a twelve month high of $60.10. The company’s 50 day moving average is $42.46 and its two-hundred day moving average is $42.93. The stock has a market cap of $7.80 billion, a P/E ratio of 1.99 and a beta of 1.48.

Fluor (NYSE:FLR) last announced its earnings results on Friday, August 1st. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Research analysts expect that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DLD Asset Management LP acquired a new stake in Fluor in the second quarter valued at $1,025,400,000. Rubric Capital Management LP acquired a new stake in Fluor in the second quarter valued at $205,080,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in Fluor by 43.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock valued at $130,630,000 after acquiring an additional 1,104,350 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Fluor by 21.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company’s stock valued at $109,847,000 after acquiring an additional 550,793 shares during the period. Finally, Greenhouse Funds LLLP lifted its holdings in Fluor by 1.2% in the first quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock valued at $88,382,000 after acquiring an additional 29,404 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Fluor

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.