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

Shares of Fluor Corporation (NYSE:FLR) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $49.5714.

Several equities research analysts have issued reports on FLR shares. Truist Financial raised their price target on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, November 10th. UBS Group cut their target price on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, DA Davidson boosted their price objective on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 10th.

Fluor Stock Performance

Shares of FLR opened at $46.39 on Friday. The company has a market cap of $7.48 billion, a PE ratio of 2.36, a price-to-earnings-growth ratio of 6.82 and a beta of 1.37. The firm has a 50-day moving average of $43.38 and a 200-day moving average of $44.28. Fluor has a one year low of $29.20 and a one year high of $57.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45.

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

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. DLD Asset Management LP acquired a new position in shares of Fluor in the second quarter valued at about $1,025,400,000. Rubric Capital Management LP boosted its holdings in Fluor by 12.5% in the 3rd quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock valued at $189,315,000 after purchasing an additional 500,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Fluor by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock worth $174,077,000 after purchasing an additional 328,122 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Fluor by 27.4% during the third quarter. Alliancebernstein L.P. now owns 3,280,423 shares of the construction company’s stock worth $138,007,000 after purchasing an additional 704,779 shares during the period. Finally, Northern Trust Corp raised its position in shares of 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 buying an additional 6,675 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.