Fluor (NYSE:FLR) Upgraded to “Buy” at StockNews.com

Fluor (NYSE:FLR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Other analysts also recently issued research reports about the company. DA Davidson reduced their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird reduced their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Barclays set a $40.00 price target on shares of Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. Citigroup dropped their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Trading Down 0.5 %

Shares of FLR stock opened at $37.15 on Monday. The firm has a market capitalization of $6.27 billion, a P/E ratio of 3.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. Fluor has a 1 year low of $34.01 and a 1 year high of $60.10. The firm’s fifty day simple moving average is $43.85 and its 200 day simple moving average is $48.57. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. As a group, sell-side analysts predict that Fluor will post 2.5 EPS for the current year.

Institutional Investors Weigh In On Fluor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. lifted its holdings in Fluor by 329.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company’s stock valued at $97,954,000 after purchasing an additional 1,523,647 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Fluor by 10,125.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company’s stock worth $52,129,000 after buying an additional 1,046,610 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Fluor during the third quarter worth approximately $39,289,000. Hood River Capital Management LLC raised its stake in shares of Fluor by 58.4% in the fourth quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company’s stock valued at $96,285,000 after acquiring an additional 719,583 shares during the last quarter. Finally, Yaupon Capital Management LP acquired a new position in shares of Fluor in the 4th quarter worth approximately $26,353,000. Institutional investors and hedge funds 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.