Fluor (NYSE:FLR) Reaches New 12-Month High at $43.41

Fluor Co. (NYSE:FLRGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $43.41 and last traded at $43.40, with a volume of 1658894 shares. The stock had previously closed at $42.25.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FLR shares. Truist Financial reiterated a “buy” rating and set a $47.00 price target (up previously from $46.00) on shares of Fluor in a research report on Monday, May 6th. Citigroup raised their price target on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. TheStreet cut Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Finally, Robert W. Baird increased their price target on shares of Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

View Our Latest Analysis on FLR

Fluor Trading Up 2.7 %

The stock has a market capitalization of $7.43 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 2.36 and a beta of 2.11. The stock has a 50-day moving average price of $40.57 and a two-hundred day moving average price of $39.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67.

Fluor (NYSE:FLRGet Free Report) last posted its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the company posted $0.28 EPS. The firm’s revenue was down .5% on a year-over-year basis. On average, research analysts forecast that Fluor Co. will post 2.86 EPS for the current fiscal year.

Institutional Trading of Fluor

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new position in Fluor during the fourth quarter valued at $27,000. Rise Advisors LLC purchased a new position in shares of Fluor in the 1st quarter worth about $28,000. BKM Wealth Management LLC bought a new position in Fluor in the 4th quarter worth about $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fluor during the 4th quarter valued at about $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Fluor during the 4th quarter valued at about $36,000. 88.07% of the stock is owned by institutional investors.

About Fluor

(Get Free Report)

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.

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