Fluor Corporation (NYSE:FLR) Given Consensus Rating of “Hold” by Brokerages

Shares of Fluor Corporation (NYSE:FLR) have received an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $49.5714.

Several analysts recently commented on FLR shares. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. UBS Group dropped their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Truist Financial lifted their price target on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd.

Hedge Funds Weigh In On Fluor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLR. MTM Investment Management LLC acquired a new stake in shares of Fluor in the second quarter valued at about $26,000. IFP Advisors Inc acquired a new stake in Fluor in the 2nd quarter worth about $27,000. Hantz Financial Services Inc. increased its stake in Fluor by 2,695.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after buying an additional 566 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Fluor by 129.5% during the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after acquiring an additional 734 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Stock Up 2.0%

Shares of FLR opened at $44.29 on Monday. The stock’s 50-day moving average price is $42.85 and its 200-day moving average price is $45.14. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 2.25 and a beta of 1.35. Fluor has a 52 week low of $29.20 and a 52 week high of $57.50.

Fluor (NYSE:FLR) last announced 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. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $4.20 billion. Fluor had a return on equity of 8.32% and a net margin of 21.71%.Fluor’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, sell-side analysts predict that Fluor will post 2.5 EPS for the current year.

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.