Fluor (NYSE:FLR) Lowered to “Sell” Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Fluor (NYSE:FLR – Free Report) from a hold rating to a sell rating in a report issued on Saturday.

Other analysts have also recently issued research reports about the company. Truist Financial lifted their target price on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. DA Davidson upped their price target on shares of Fluor from $50.00 to $55.00 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 research report on Monday, December 29th. UBS Group reduced their target price on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Zacks Research raised 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. According to data from MarketBeat.com, Fluor presently has a consensus rating of “Hold” and a consensus target price of $49.57.

Check Out Our Latest Stock Analysis on Fluor

Fluor Trading Up 1.1%

FLR opened at $43.91 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. Fluor has a one year low of $29.20 and a one year high of $57.50. The company has a market cap of $7.08 billion, a P/E ratio of 2.23, a PEG ratio of 6.40 and a beta of 1.35. The business’s 50-day simple moving average is $42.62 and its 200-day simple moving average is $44.94.

Fluor (NYSE:FLR – Get Free Report) last issued its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.24. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The company’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. As a group, equities research analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in Fluor by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,062 shares of the construction company’s stock valued at $106,000 after buying an additional 208 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Fluor by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 3,591 shares of the construction company’s stock valued at $151,000 after acquiring an additional 223 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Fluor by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares in the last quarter. Brighton Jones LLC lifted its holdings in Fluor by 3.1% in the 3rd quarter. Brighton Jones LLC now owns 9,060 shares of the construction company’s stock valued at $381,000 after purchasing an additional 273 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of Fluor by 20.9% during the 3rd quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock worth $67,000 after purchasing an additional 276 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

About Fluor

(Get Free Report)

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.

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