Fluor Co. (NYSE:FLR) Receives Average Rating of “Moderate Buy” from Brokerages

Fluor Co. (NYSE:FLR) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $51.57.

A number of equities analysts have issued reports on the company. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Robert W. Baird decreased their price target on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup lowered their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Truist Financial decreased their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th.

Hedge Funds Weigh In On Fluor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in shares of Fluor by 121.5% in the first quarter. Versant Capital Management Inc now owns 1,214 shares of the construction company’s stock worth $43,000 after purchasing an additional 666 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Fluor by 21.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,566 shares of the construction company’s stock valued at $472,000 after acquiring an additional 1,696 shares during the last quarter. Neo Ivy Capital Management grew its stake in shares of Fluor by 45.2% in the fourth quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock worth $3,252,000 after acquiring an additional 20,541 shares during the period. State of Wyoming raised its holdings in shares of Fluor by 165.6% during the fourth quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock valued at $250,000 after purchasing an additional 3,160 shares during the last quarter. Finally, Tema Etfs LLC bought a new position in Fluor during the fourth quarter valued at approximately $5,317,000. 88.07% of the stock is owned by institutional investors.

Fluor Stock Down 8.7 %

Shares of NYSE FLR opened at $31.02 on Friday. The firm has a fifty day simple moving average of $40.18 and a two-hundred day simple moving average of $47.71. Fluor has a 12 month low of $29.75 and a 12 month high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $5.21 billion, a PE ratio of 2.55, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Equities analysts expect that Fluor will post 2.5 earnings per share for the current year.

About Fluor

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.