Fluor (NYSE:FLR) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Fluor (NYSE:FLR) announced its earnings results on Tuesday. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01), FiscalAI reports. Fluor had a return on equity of 8.32% and a net margin of 21.71%.

Fluor Trading Down 0.4%

Shares of FLR stock opened at $45.49 on Tuesday. 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 fifty day moving average of $43.96 and a 200-day moving average of $43.70. Fluor has a 52-week low of $29.20 and a 52-week high of $57.50. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 2.31, a P/E/G ratio of 6.62 and a beta of 1.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLR. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock valued at $194,000 after purchasing an additional 248 shares during the period. Global Retirement Partners LLC boosted its stake in Fluor by 91.7% in the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after buying an additional 311 shares in the last quarter. UMB Bank n.a. grew its position in Fluor by 18.7% in the fourth quarter. UMB Bank n.a. now owns 2,438 shares of the construction company’s stock valued at $97,000 after acquiring an additional 384 shares during the period. CSM Advisors LLC lifted its holdings in shares of Fluor by 3.2% during the third quarter. CSM Advisors LLC now owns 16,139 shares of the construction company’s stock valued at $679,000 after acquiring an additional 502 shares during the period. Finally, Banque Transatlantique SA grew 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 during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FLR. Weiss Ratings reissued a “hold (c)” rating on shares of Fluor in a research report on Monday, December 29th. Truist Financial increased 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. DA Davidson boosted their target price on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Wall Street Zen raised shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, UBS Group dropped their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fluor has a consensus rating of “Hold” and a consensus target price of $49.57.

About Fluor

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.