Fluor (NYSE:FLR) Reaches New 12-Month High at $44.89

Fluor Co. (NYSE:FLRGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.89 and last traded at $44.43, with a volume of 383862 shares traded. The stock had previously closed at $44.56.

Wall Street Analysts Forecast Growth

FLR has been the topic of several analyst reports. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Robert W. Baird increased their price target on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Citigroup increased their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, 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. Five equities research 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 company currently has a consensus rating of “Hold” and an average price target of $44.00.

Read Our Latest Stock Analysis on Fluor

Fluor Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.41 and a beta of 2.03. The business’s 50-day simple moving average is $40.76 and its two-hundred day simple moving average is $39.30.

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

Hedge Funds Weigh In On Fluor

A number of hedge funds have recently modified their holdings of FLR. New York State Common Retirement Fund lifted its holdings in shares of Fluor by 36.7% during the third quarter. New York State Common Retirement Fund now owns 143,359 shares of the construction company’s stock worth $5,261,000 after purchasing an additional 38,496 shares during the period. Kestra Private Wealth Services LLC bought a new position in Fluor during the third quarter worth $394,000. Swiss National Bank raised its stake in Fluor by 1.8% during the third quarter. Swiss National Bank now owns 314,900 shares of the construction company’s stock worth $11,557,000 after buying an additional 5,600 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Fluor by 39.5% during the third quarter. Janney Montgomery Scott LLC now owns 82,087 shares of the construction company’s stock worth $3,012,000 after buying an additional 23,232 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Fluor during the third quarter worth $249,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Company Profile

(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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