Fluor Corporation (NYSE:FLR) Receives Consensus Rating of “Hold” from Analysts

Fluor Corporation (NYSE:FLR) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $57.20.

Several research analysts have commented on the stock. Zacks Research cut shares of Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Robert W. Baird boosted their target price on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Citigroup dropped their target price on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Truist Financial raised their price target on Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd.

Fluor Price Performance

FLR stock opened at $49.37 on Friday. The business’s 50-day moving average is $49.97 and its two-hundred day moving average is $48.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $6.90 billion, a P/E ratio of 28.70, a P/E/G ratio of 1.64 and a beta of 1.23. Fluor has a 1 year low of $37.62 and a 1 year high of $57.50.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. Analysts anticipate that Fluor will post 2.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Fluor during the second quarter worth approximately $210,000. Hennion & Walsh Asset Management Inc. increased its stake in Fluor by 47.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 13,263 shares of the construction company’s stock valued at $695,000 after purchasing an additional 4,251 shares during the last quarter. Gradient Investments LLC raised its holdings in Fluor by 10.0% during the second quarter. Gradient Investments LLC now owns 61,716 shares of the construction company’s stock worth $3,233,000 after purchasing an additional 5,626 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Fluor by 175.9% during the second quarter. CoreCap Advisors LLC now owns 1,581 shares of the construction company’s stock worth $83,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Fluor by 45.2% during the 1st quarter. Empowered Funds LLC now owns 138,342 shares of the construction company’s stock worth $6,454,000 after buying an additional 43,078 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.