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

Wall Street Zen lowered shares of Fluor (NYSE:FLR) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

A number of other research analysts have also recently commented on the stock. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Truist Financial reiterated a “buy” rating and set a $71.00 price target (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. Barclays lifted their price target on shares of Fluor from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. UBS Group boosted their price target on shares of Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings lowered shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, August 21st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Fluor Price Performance

NYSE:FLR opened at $50.29 on Friday. Fluor has a 52 week low of $39.33 and a 52 week high of $58.35. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $6.73 billion, a P/E ratio of -7.37, a P/E/G ratio of 0.98 and a beta of 1.22. The stock’s fifty day moving average is $50.37 and its two-hundred day moving average is $49.36.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, November 6th. The construction company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.03). The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $4.16 billion. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. Equities analysts expect that Fluor will post 2.69 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLR. Empowered Funds LLC lifted its position in shares of Fluor by 45.2% during the 1st quarter. Empowered Funds LLC now owns 138,342 shares of the construction company’s stock worth $6,454,000 after buying an additional 43,078 shares during the last quarter. State of Wyoming purchased a new position in shares of Fluor in the 2nd quarter valued at $1,358,000. Energy Income Partners LLC purchased a new position in shares of Fluor in the 2nd quarter valued at $5,826,000. Old West Investment Management LLC purchased a new position in shares of Fluor in the 2nd quarter valued at $13,348,000. Finally, First National Bank of Omaha acquired a new stake in Fluor during the 2nd quarter worth $8,804,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Key Stories Impacting Fluor

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Fluor held its 2026 guidance and raised its cash-flow outlook, offering some support after a disappointing quarter. These Analysts Slash Their Forecasts On Fluor After Weak Q3 Results
• Neutral Sentiment: Citigroup maintained a Buy rating while lowering its target from $68 to $66. Truist also kept its Buy rating but cut its target from $71 to $62, signaling continued optimism tempered by reduced expectations. Truist Securities Adjusts Price Target on Fluor
• Negative Sentiment: Fluor missed third-quarter earnings expectations, and a client scope change could reduce its backlog by about $2 billion. Analysts cut forecasts and targets; Baird lowered its target from $64 to $56 and moved to a Neutral rating, adding pressure to sentiment. Analysts Cut Forecasts After Weak Q3 Results

About Fluor

Fluor Corporation is a global engineering and construction company that provides engineering, procurement, construction, maintenance and project-management services. It works with clients to plan and deliver complex projects, and also provides services for facility operations, upgrades and decommissioning.

The company serves customers in sectors including energy, chemicals, mining and metals, infrastructure, advanced technologies and life sciences. Through its government-focused work, Fluor also supports federal agencies and government programs, including projects involving environmental remediation and national security.

Founded in 1912, Fluor is headquartered in Irving, Texas, and undertakes projects in the United States and internationally.