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

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

Other equities research analysts also recently issued research reports about the company. UBS Group cut their price objective on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. DA Davidson increased their price target on Fluor from $50.00 to $55.00 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 report on Monday, December 29th. Truist Financial raised their target price on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a report 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $49.57.

Fluor Stock Down 1.6%

Shares of FLR stock 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 debt-to-equity ratio of 0.20, a quick ratio of 1.45 and a current ratio of 1.45. The business’s fifty day moving average is $43.18 and its 200-day moving average is $44.45. The stock has a market cap of $7.45 billion, a PE ratio of 2.35, a price-to-earnings-growth ratio of 6.83 and a beta of 1.35.

Fluor (NYSE:FLR) last announced its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.24. Fluor had a return on equity of 8.32% and a net margin of 21.71%.The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the business posted $0.51 earnings per share. The company’s quarterly revenue was down 17.7% on a year-over-year basis. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Equities analysts expect that Fluor will post 2.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fluor

Institutional investors and hedge funds have recently modified their holdings of the stock. DLD Asset Management LP purchased a new stake in shares of Fluor during the second quarter worth $1,025,400,000. Rubric Capital Management LP acquired a new position in shares of Fluor during the 2nd quarter valued at about $205,080,000. Sourcerock Group LLC acquired a new stake in Fluor in the 2nd quarter worth approximately $85,327,000. Ameriprise Financial Inc. grew its holdings in Fluor by 361.6% during the second quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after purchasing an additional 1,180,838 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Fluor by 90.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,586,492 shares of the construction company’s stock valued at $81,339,000 after purchasing an additional 755,337 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.