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

Fluor Corporation (NYSE:FLR) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.5714.

Several equities research analysts recently weighed in on FLR shares. DA Davidson lifted their price target on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research 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. Truist Financial upped their target price on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Fluor from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th.

Fluor Price Performance

Shares of NYSE FLR opened at $46.93 on Friday. Fluor has a 1 year low of $29.20 and a 1 year high of $57.50. The stock has a market capitalization of $7.56 billion, a P/E ratio of 2.39, a P/E/G ratio of 6.81 and a beta of 1.35. The company’s 50-day moving average is $43.06 and its 200 day moving average is $44.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLR. MTM Investment Management LLC purchased a new position in Fluor during the second quarter valued at $26,000. IFP Advisors Inc bought a new position in shares of Fluor during the second quarter valued at $27,000. Assetmark Inc. raised its position in shares of Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after purchasing an additional 483 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Fluor by 2,695.2% in 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 in the last quarter. Finally, CoreCap Advisors LLC grew its position in Fluor by 129.5% during the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the last quarter. Institutional investors 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.