Brokerages Set Fluor Co. (NYSE:FLR) PT at $45.43

Shares of Fluor Co. (NYSE:FLR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.43.

Several analysts recently issued reports on the company. Robert W. Baird set a $41.00 price target on Fluor in a report on Monday, May 5th. DA Davidson dropped their target price on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. UBS Group decreased their price target on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. KeyCorp dropped their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, Wall Street Zen downgraded shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

Fluor Trading Down 0.9%

Fluor stock traded down $0.41 during trading on Friday, reaching $43.13. The company had a trading volume of 1,868,139 shares, compared to its average volume of 2,354,938. Fluor has a 12-month low of $29.20 and a 12-month high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The stock's 50 day moving average price is $35.87 and its two-hundred day moving average price is $43.59. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 3.54, a PEG ratio of 1.36 and a beta of 1.24.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. During the same period in the previous year, the company earned $0.47 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. lifted its position in shares of Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company's stock worth $97,954,000 after purchasing an additional 1,523,647 shares during the last quarter. Pacer Advisors Inc. raised its stake in Fluor by 4,097.7% during the first quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock valued at $47,723,000 after buying an additional 1,300,568 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Fluor by 43.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company's stock worth $130,630,000 after buying an additional 1,104,350 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Fluor by 10,125.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company's stock worth $52,129,000 after acquiring an additional 1,046,610 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Fluor by 145.1% in the 1st quarter. AQR Capital Management LLC now owns 1,625,776 shares of the construction company's stock valued at $57,276,000 after acquiring an additional 962,382 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Company Profile

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.