Fluor (NYSE:FLR) Upgraded at Wall Street Zen

Fluor (NYSE:FLR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts have also recently issued reports on FLR. UBS Group decreased their target price on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Truist Financial lifted their price objective on shares of Fluor from $51.00 to $56.00 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 research report on Friday, October 3rd. DA Davidson raised their target price on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Fluor presently has a consensus rating of “Hold” and a consensus target price of $49.57.

Fluor Stock Performance

Shares of FLR stock opened at $46.20 on Friday. Fluor has a 52-week low of $29.20 and a 52-week 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 stock has a market cap of $7.45 billion, a PE ratio of 2.35, a price-to-earnings-growth ratio of 6.83 and a beta of 1.35. The business has a 50-day simple moving average of $43.18 and a 200-day simple moving average of $44.51.

Fluor (NYSE:FLR) last announced its quarterly earnings results 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 company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business earned $0.51 earnings per share. Fluor’s quarterly 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, equities analysts expect that Fluor will post 2.5 EPS for the current year.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Fluor by 472.4% in the third quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company’s stock valued at $5,163,000 after acquiring an additional 101,288 shares in the last quarter. Pacific Heights Asset Management LLC raised its stake in Fluor by 35.4% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock valued at $13,673,000 after purchasing an additional 85,000 shares during the last quarter. Quadrant Private Wealth Management LLC purchased a new position in Fluor in the 3rd quarter valued at $3,475,000. Intech Investment Management LLC boosted its stake in Fluor by 99.9% during the 2nd quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock worth $15,361,000 after purchasing an additional 149,716 shares during the last quarter. Finally, Castleark Management LLC purchased a new stake in shares of Fluor during the second quarter worth $6,534,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.