Fluor Corporation (NYSE:FLR) Receives Average Rating of “Hold” from Brokerages

Shares of Fluor Corporation (NYSE:FLR) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $49.5714.

FLR has been the subject of a number of analyst reports. UBS Group dropped their price target on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Truist Financial raised their target price on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Monday, December 8th. Finally, Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd.

Institutional Trading of Fluor

Institutional investors have recently made changes to their positions in the company. MTM Investment Management LLC purchased a new position in Fluor in the second quarter worth approximately $26,000. IFP Advisors Inc acquired a new position in shares of Fluor in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. grew its holdings in shares of Fluor by 2,695.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after purchasing an additional 566 shares during the period. CoreCap Advisors LLC increased its position in shares of Fluor by 129.5% during the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Fluor stock opened at $43.29 on Thursday. The company has a fifty day simple moving average of $45.00 and a 200-day simple moving average of $45.85. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 2.20 and a beta of 1.31. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. Fluor has a 52-week low of $29.20 and a 52-week high of $57.50.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. Fluor had a net margin of 21.71% and a return on equity of 8.32%. Fluor’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, equities analysts anticipate that Fluor will post 2.5 EPS for the current fiscal year.

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.