Fluor Corporation (NYSE:FLR) Receives Average Recommendation of “Hold” from Brokerages

Fluor Corporation (NYSE:FLR) has been assigned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.5714.

A number of research analysts recently commented on FLR shares. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. UBS Group cut their target price on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. DA Davidson lifted their price target on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, Truist Financial boosted their price objective on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. DLD Asset Management LP bought a new position in Fluor during the 2nd quarter valued at approximately $1,025,400,000. Rubric Capital Management LP increased its stake in shares of Fluor by 12.5% during the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock valued at $189,315,000 after buying an additional 500,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Fluor by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after acquiring an additional 328,122 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Fluor by 27.4% in the third quarter. Alliancebernstein L.P. now owns 3,280,423 shares of the construction company’s stock worth $138,007,000 after acquiring an additional 704,779 shares during the period. Finally, Northern Trust Corp boosted its holdings in Fluor by 0.3% in the third quarter. Northern Trust Corp now owns 2,109,240 shares of the construction company’s stock valued at $88,736,000 after acquiring an additional 6,675 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Stock Up 0.3%

FLR stock 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 cap of $7.56 billion, a price-to-earnings ratio of 2.39, a price-to-earnings-growth ratio of 6.81 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $43.06 and its 200 day moving average is $44.57.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Sell-side analysts predict that Fluor will post 2.5 EPS for the current fiscal year.

Fluor Company Profile

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.