Fluor Corporation (NYSE:FLR) Given Average Recommendation of “Hold” by Analysts

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

FLR has been the subject of several research reports. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. DA Davidson lifted their price objective on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 10th. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research note on Monday. Finally, UBS Group lowered their price objective on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 13th.

Fluor Stock Performance

Shares of Fluor stock opened at $43.44 on Thursday. The business has a 50-day simple moving average of $44.97 and a 200 day simple moving average of $45.79. Fluor has a one year low of $29.20 and a one year high of $57.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 2.21 and a beta of 1.31.

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

Institutional Trading of Fluor

Institutional investors have recently made changes to their positions in the company. DLD Asset Management LP bought a new position in shares of Fluor in the second quarter valued at approximately $1,025,400,000. Rubric Capital Management LP purchased a new position in Fluor in the second quarter worth $205,080,000. Sourcerock Group LLC bought a new position in Fluor in the 2nd quarter valued at $85,327,000. Ameriprise Financial Inc. increased its position in shares of Fluor by 361.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after purchasing an additional 1,180,838 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Fluor by 43.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after buying an additional 1,104,350 shares during the last quarter. 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.