Fluor (NYSE:FLR) Price Target Lowered to $52.00 at UBS Group

Fluor (NYSE:FLR) had its price objective decreased by UBS Group from $56.00 to $52.00 in a research note released on Thursday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other analysts also recently issued reports on the company. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research note on Tuesday. DA Davidson upped their price target on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday. Citigroup decreased their price objective on shares of Fluor from $71.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Finally, Robert W. Baird cut their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.57.

Fluor Price Performance

Shares of NYSE FLR traded down $0.73 during midday trading on Thursday, reaching $42.31. 3,068,277 shares of the stock traded hands, compared to its average volume of 3,663,802. The company’s 50 day moving average is $44.89 and its 200 day moving average is $45.05. Fluor has a one year low of $29.20 and a one year high of $57.50. The stock has a market capitalization of $6.82 billion, a PE ratio of 1.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62.

Fluor (NYSE:FLR) last released its quarterly 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 25.35% and a return on equity of 9.27%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Fluor’s revenue was down 17.7% on a year-over-year basis. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, equities research analysts anticipate that Fluor will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLR. Wealth Enhancement Advisory Services LLC raised its stake in shares of Fluor by 48.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,462 shares of the construction company’s stock worth $2,029,000 after purchasing an additional 12,590 shares in the last quarter. UMB Bank n.a. raised its position in Fluor by 288.9% during the second quarter. UMB Bank n.a. now owns 1,956 shares of the construction company’s stock valued at $100,000 after acquiring an additional 1,453 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Fluor by 46.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 23,640 shares of the construction company’s stock worth $847,000 after acquiring an additional 7,540 shares in the last quarter. Mengis Capital Management Inc. increased its stake in shares of Fluor by 21.9% during the 1st quarter. Mengis Capital Management Inc. now owns 37,333 shares of the construction company’s stock worth $1,337,000 after purchasing an additional 6,710 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new position in shares of Fluor during the 2nd quarter valued at $572,000. 88.07% of the stock is owned by institutional investors.

Fluor Company Profile

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.