Brokerages Set Fluor Corporation (NYSE:FLR) Target Price at $49.57

Shares of Fluor Corporation (NYSE:FLR) have received an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $49.5714.

FLR has been the topic of a number of research analyst reports. Truist Financial raised their price target on Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. UBS Group lowered 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. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. DA Davidson lifted their price target on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th.

Fluor Stock Up 2.0%

Shares of NYSE:FLR opened at $44.29 on Monday. The company has a market capitalization of $7.14 billion, a P/E ratio of 2.25 and a beta of 1.35. The stock’s fifty day simple moving average is $42.85 and its 200-day simple moving average is $45.22. Fluor has a 52-week low of $29.20 and a 52-week high of $57.50. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.20.

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. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $4.20 billion. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The company’s revenue was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, equities research analysts forecast that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. boosted its position in Fluor by 12.9% during the 1st quarter. Baird Financial Group Inc. now owns 15,624 shares of the construction company’s stock worth $560,000 after purchasing an additional 1,786 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Fluor by 6.3% in the first quarter. Advisors Asset Management Inc. now owns 92,403 shares of the construction company’s stock worth $3,310,000 after buying an additional 5,473 shares during the period. AQR Capital Management LLC grew its stake in shares of Fluor by 145.1% in the first quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company’s stock valued at $57,276,000 after buying an additional 962,382 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Fluor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,670 shares of the construction company’s stock valued at $3,642,000 after buying an additional 4,498 shares during the period. Finally, NewEdge Advisors LLC lifted its position in Fluor by 40.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock worth $361,000 after acquiring an additional 2,896 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.