Brokerages Set Fluor Corporation (NYSE:FLR) Target Price at $49.57

Fluor Corporation (NYSE:FLR) has earned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $49.5714.

A number of equities analysts have issued reports on FLR shares. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group cut their price target on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research note on Monday. DA Davidson raised their target price on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd.

Fluor Stock Performance

FLR stock opened at $40.79 on Thursday. The stock’s 50 day simple moving average is $44.93 and its 200 day simple moving average is $45.82. Fluor has a 12-month low of $29.20 and a 12-month high of $57.50. The firm has a market cap of $6.57 billion, a P/E ratio of 2.07 and a beta of 1.31. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.20.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share 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 firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, equities research analysts predict that Fluor will post 2.5 EPS for the current year.

Institutional Investors Weigh In On Fluor

A number of hedge funds have recently made changes to their positions in FLR. Intech Investment Management LLC raised its position in shares of Fluor by 99.9% during the second quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock worth $15,361,000 after purchasing an additional 149,716 shares during the period. Castleark Management LLC purchased a new position in Fluor in the 2nd quarter worth about $6,534,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Fluor by 74.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,528 shares of the construction company’s stock worth $796,000 after buying an additional 6,616 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Fluor by 48.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 38,462 shares of the construction company’s stock valued at $2,029,000 after buying an additional 12,590 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Fluor by 288.9% in the second quarter. UMB Bank n.a. now owns 1,956 shares of the construction company’s stock worth $100,000 after buying an additional 1,453 shares during the period. Institutional investors own 88.07% of the company’s stock.

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.