Fluor (NYSE:FLR) Upgraded to “Hold” at Wall Street Zen

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

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

Fluor Price Performance

Shares of FLR stock opened at $46.20 on Friday. The company has a market cap of $7.45 billion, a P/E ratio of 2.35, a PEG ratio of 6.83 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s 50-day moving average is $43.18 and its 200 day moving average is $44.51. Fluor has a 1-year low of $29.20 and a 1-year high of $57.50.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.44 by $0.24. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The company’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. Research analysts predict that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. DLD Asset Management LP purchased a new stake in Fluor in the second quarter valued at approximately $1,025,400,000. Rubric Capital Management LP purchased a new position in Fluor during the 2nd quarter worth approximately $205,080,000. Sourcerock Group LLC acquired a new stake in Fluor during the 2nd quarter valued at approximately $85,327,000. Ameriprise Financial Inc. boosted its holdings in shares of Fluor by 361.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after acquiring an additional 1,180,838 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Fluor by 90.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,586,492 shares of the construction company’s stock worth $81,339,000 after acquiring an additional 755,337 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.