Fluor (NYSE:FLR) Upgraded at Wall Street Zen

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

FLR has been the subject of several other reports. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group reduced their price target on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Truist Financial upped their price objective on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th. Finally, DA Davidson boosted their price target on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.57.

Fluor Price Performance

FLR stock opened at $46.80 on Friday. 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 firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 2.38, a PEG ratio of 6.72 and a beta of 1.35. The firm has a 50 day moving average price of $43.29 and a 200-day moving average price of $44.34. Fluor has a 52-week low of $29.20 and a 52-week high of $57.50.

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

Institutional Trading of Fluor

A number of hedge funds have recently bought and sold shares of FLR. MTM Investment Management LLC purchased a new position in Fluor in the second quarter worth about $26,000. IFP Advisors Inc purchased a new position in shares of Fluor in the second quarter worth approximately $27,000. Hantz Financial Services Inc. increased its holdings in Fluor by 2,695.2% during the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after buying an additional 566 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Fluor in the second quarter worth approximately $33,000. Finally, Assetmark Inc. boosted its stake in shares of Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.