Fluor (NYSE:FLR) Sets New 1-Year High Following Strong Earnings

Fluor Corporation (NYSE:FLR)’s share price reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The company traded as high as $55.30 and last traded at $53.80, with a volume of 711132 shares traded. The stock had previously closed at $48.75.

The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.21. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.92 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS.

Fluor News Roundup

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Significant earnings and revenue beat: Fluor reported second-quarter EPS of $0.91, well above consensus estimates ranging from $0.70 to $0.73 and more than double the $0.43 reported a year earlier. Revenue rose 8.8% year over year to $4.33 billion, exceeding the approximately $3.92 billion analyst forecast. Fluor Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong project awards and pipeline conversion: Management said second-quarter awards demonstrated successful conversion of front-end engineering work into new projects and reflected continued customer confidence. Fluor also said it is replenishing its pipeline with additional opportunities, supporting future backlog and revenue visibility. Fluor Reports Second Quarter 2026 Results
• Positive Sentiment: Potential exposure to critical-minerals infrastructure: An investor-focused article identified Fluor as an engineering and construction provider that could benefit from planned U.S. rare-earth and strategic-minerals processing facilities. The opportunity is longer term, however, with new domestic capacity potentially taking three to seven years to develop. Rare Earth Stocks and Project Vault
• Neutral Sentiment: Board addition: Fluor expanded its board with the appointment of Frank Caldwell. The move may add relevant experience but was not accompanied by information indicating an immediate change to earnings or strategy. Fluor Board Expansion
• Neutral Sentiment: Investor focus remains on execution: The earnings preview had flagged possible project-timing pressure and softness in Energy Solutions, though higher-margin awards and improved backlog quality could support profitability. The strong reported results suggest those concerns were outweighed this quarter. Fluor Q2 Earnings Preview

Wall Street Analyst Weigh In

FLR has been the topic of several research reports. Citigroup lowered their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Truist Financial boosted their target price on Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird increased their price objective on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $57.20.

Hedge Funds Weigh In On Fluor

Several hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new stake in shares of Fluor in the 2nd quarter worth about $25,000. Assetmark Inc. grew its stake in shares of Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after buying an additional 483 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Fluor in the 4th quarter worth about $27,000. Larson Financial Group LLC grew its holdings in shares of Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares during the last quarter. Finally, Banque Transatlantique SA increased its holdings in shares of Fluor by 312.5% in the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Trading Up 12.2%

The firm has a market cap of $7.64 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The stock has a 50-day simple moving average of $50.55 and a two-hundred day simple moving average of $48.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78.

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.