Fluor (NYSE:FLR) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Fluor (NYSE:FLR) from a hold rating to a sell rating in a report published on Saturday morning.

Several other research firms have also recently commented on FLR. UBS Group reduced 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 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. Truist Financial raised their target price on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Fluor has an average rating of “Hold” and an average target price of $49.57.

Fluor Trading Up 1.1%

Shares of FLR stock opened at $43.91 on Friday. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 2.23, a PEG ratio of 6.40 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. Fluor has a twelve month low of $29.20 and a twelve month high of $57.50. The firm has a 50-day moving average price of $42.59 and a 200 day moving average price of $44.83.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.24. The company 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 period in the previous year, the company earned $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Research analysts forecast that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Hedge funds have recently added to or reduced their stakes in the business. MTM Investment Management LLC bought a new position in shares of Fluor during the 2nd quarter worth about $26,000. IFP Advisors Inc acquired a new position in Fluor in the second quarter worth about $27,000. Hantz Financial Services Inc. lifted its stake in Fluor by 2,695.2% during the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after purchasing an additional 566 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Fluor during the second quarter valued at approximately $33,000. Finally, CoreCap Advisors LLC grew its stake in shares of Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the period. Institutional investors own 88.07% of the company’s stock.

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.