Fluor (NYSE:FLR) Rating Lowered to Sell at Wall Street Zen

Fluor (NYSE:FLR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities research analysts have also weighed in on FLR. UBS Group lowered their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Truist Financial upped their price target on shares of Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. DA Davidson raised their price objective on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.57.

Fluor Trading Up 1.1%

Shares of FLR stock opened at $43.91 on Friday. The business has a 50-day moving average price of $42.62 and a two-hundred day moving average price of $44.97. Fluor has a 12-month low of $29.20 and a 12-month high of $57.50. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The firm has a market cap of $7.08 billion, a P/E ratio of 2.23, a price-to-earnings-growth ratio of 6.32 and a beta of 1.35.

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

Institutional Investors Weigh In On Fluor

Several institutional investors and hedge funds have recently modified their holdings of FLR. Silver Oak Securities Incorporated increased its position in shares of Fluor by 41.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 10,208 shares of the construction company’s stock valued at $411,000 after buying an additional 2,991 shares during the period. Baron Wealth Management LLC purchased a new stake in Fluor in the fourth quarter worth about $210,000. Exchange Traded Concepts LLC boosted its position in Fluor by 16.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 172,427 shares of the construction company’s stock valued at $6,833,000 after acquiring an additional 23,892 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Fluor by 26.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 12,840 shares of the construction company’s stock worth $509,000 after acquiring an additional 2,650 shares during the period. Finally, Diversified Trust Co. raised its position in shares of Fluor by 2.4% in the 4th quarter. Diversified Trust Co. now owns 41,835 shares of the construction company’s stock worth $1,658,000 after acquiring an additional 990 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.