Fluor (NYSE:FLR) Raised to Hold at Wall Street Zen

Fluor (NYSE:FLR) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

FLR has been the topic of a number of other research reports. UBS Group dropped their price objective 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 reiterated a “hold (c)” rating on shares of Fluor in a research note on Monday, December 29th. DA Davidson upped their target price on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 10th. Truist Financial boosted their target price on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.57.

Fluor Price Performance

Shares of NYSE FLR opened at $46.20 on Friday. Fluor has a 1-year low of $29.20 and a 1-year high of $57.50. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 2.35, a price-to-earnings-growth ratio of 6.72 and a beta of 1.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s 50-day moving average is $43.18 and its two-hundred day moving average is $44.39.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, topping 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 firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’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. Analysts forecast that Fluor will post 2.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

Several institutional investors have recently bought and sold shares of FLR. MTM Investment Management LLC acquired a new stake in Fluor in the 2nd quarter valued at about $26,000. IFP Advisors Inc purchased a new stake in shares of Fluor in the second quarter valued at about $27,000. Hantz Financial Services Inc. grew its position in shares of Fluor by 2,695.2% in the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after purchasing an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Fluor during the 2nd quarter worth approximately $33,000. Finally, Assetmark Inc. raised its position in shares of Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after purchasing an additional 483 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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.