Fluor (NYSE:FLR) Rating Lowered to “Hold” at Wall Street Zen

Fluor (NYSE:FLR) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages have also recently weighed in on FLR. Citigroup restated a “buy” rating on shares of Fluor in a research report on Friday, October 23rd. Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Barclays increased their price objective 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. Weiss Ratings cut shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Finally, UBS Group boosted their target price on shares of Fluor from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.33.

Fluor Price Performance

Shares of Fluor stock opened at $46.30 on Friday. The stock has a 50 day moving average of $50.43 and a 200 day moving average of $49.34. Fluor has a 12 month low of $39.33 and a 12 month high of $58.35. The firm has a market cap of $6.19 billion, a PE ratio of -6.79, a PEG ratio of 0.96 and a beta of 1.22. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.39.

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 the consensus estimate of $0.80 by ($0.03). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $4.16 billion. Fluor had a negative net margin of 7.19% and a positive return on equity of 10.52%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. On average, research analysts expect that Fluor will post 2.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

A number of institutional investors and hedge funds have recently modified their holdings of FLR. Diversified Trust Co increased its stake in Fluor by 3.2% in the 3rd quarter. Diversified Trust Co now owns 49,130 shares of the construction company’s stock worth $2,352,000 after buying an additional 1,528 shares during the period. Fisher Asset Management LLC boosted its position in Fluor by 209.9% in the 3rd quarter. Fisher Asset Management LLC now owns 1,728,795 shares of the construction company’s stock valued at $82,775,000 after buying an additional 1,170,945 shares during the period. Russell Investments Group Ltd. boosted its position in Fluor by 59.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 751,259 shares of the construction company’s stock valued at $35,978,000 after buying an additional 281,049 shares during the period. Keybank National Association OH boosted its position in Fluor by 41.9% in the 3rd quarter. Keybank National Association OH now owns 8,245 shares of the construction company’s stock valued at $395,000 after buying an additional 2,435 shares during the period. Finally, AlphaCore Capital LLC bought a new position in Fluor in the 3rd quarter worth about $800,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor News Summary

Here are the key news stories impacting Fluor this week:

• Positive Sentiment: Fluor reported a record $10.9 billion in third-quarter awards, including LNG Canada Phase 2 and two mining projects. Strong bookings may bolster future work, though management also flagged the possibility of a roughly $2 billion backlog reduction. Fluor Reports Third Quarter 2026 Results
• Positive Sentiment: New project wins and agreements add to Fluor’s opportunity pipeline: the company signed an EPC contract for a large data-center campus in Kentucky, was selected for an advanced small modular reactor project in Washington, and received full notice to proceed on a Chilean mining expansion. TeraWulf EPC contract SMR project selection Sierra Gorda project notice to proceed
• Negative Sentiment: Third-quarter EPS of $0.77 fell short of the $0.80 consensus, while revenue of $2 billion was well below analysts’ $4.16 billion estimate. Revenue did rise 10.5% year over year, but the forecast gap and potential backlog reset could weigh on confidence. Fluor earnings and backlog report

Fluor Company Profile

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.