Brokerages Set Fluor Corporation (NYSE:FLR) PT at $49.43

Fluor Corporation (NYSE:FLR) has been given an average rating of “Hold” by the ten ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $49.4286.

A number of brokerages have recently weighed in on FLR. Citigroup reduced their price target on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. KeyCorp cut shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target on the stock. in a research report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Fluor from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently added to or reduced their stakes in the stock. DLD Asset Management LP bought a new stake in Fluor in the 2nd quarter valued at $1,025,400,000. Rubric Capital Management LP bought a new stake in Fluor in the 2nd quarter valued at $205,080,000. Hotchkis & Wiley Capital Management LLC lifted its position in Fluor by 43.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock valued at $130,630,000 after acquiring an additional 1,104,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Fluor by 21.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,066,704 shares of the construction company’s stock worth $109,847,000 after buying an additional 550,793 shares in the last quarter. Finally, Greenhouse Funds LLLP lifted its position in Fluor by 1.2% during the 1st quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock worth $88,382,000 after buying an additional 29,404 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Price Performance

FLR opened at $48.93 on Wednesday. The company has a fifty day moving average price of $43.35 and a two-hundred day moving average price of $43.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. Fluor has a 52 week low of $29.20 and a 52 week high of $60.10. The firm has a market capitalization of $7.91 billion, a PE ratio of 2.02 and a beta of 1.48.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.16). The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. As a group, analysts anticipate that Fluor will post 2.5 earnings per share for the current year.

About Fluor

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.