Fluor Corporation (NYSE:FLR) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Fluor Corporation has received a consensus recommendation of "Hold" from nine analysts, with four ratings for buy, four for hold, and one for sell.
• Recent price targets for Fluor's stock vary, with UBS Group setting a target of $56.00 and Robert W. Baird lowering their target to $46.00.
• The company reported a miss on earnings per share, posting $0.43 against a consensus estimate of $0.59, alongside a revenue decline of 5.9% year-over-year.

Shares of Fluor Corporation (NYSE:FLR - Get Free Report) have been assigned an average rating of "Hold" from the nine analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $49.5714.

A number of research firms have recently weighed in on FLR. UBS Group dropped their target price on shares of Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Robert W. Baird cut their price objective on Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Zacks Research downgraded Fluor from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Truist Financial set a $52.00 price target on shares of Fluor in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of Fluor from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd.

Insider Buying and Selling at Fluor

In other Fluor news, Chairman David E. Constable sold 38,600 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $52.11, for a total transaction of $2,011,446.00. Following the transaction, the chairman owned 792,027 shares in the company, valued at approximately $41,272,526.97. This represents a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently added to or reduced their stakes in FLR. DLD Asset Management LP purchased a new position in Fluor during the second quarter valued at $1,025,400,000. Rubric Capital Management LP purchased a new position in Fluor during the 2nd quarter valued at about $205,080,000. Sourcerock Group LLC bought a new stake in Fluor during the second quarter worth about $85,327,000. Pacer Advisors Inc. grew its holdings in Fluor by 4,097.7% in the first quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock worth $47,723,000 after purchasing an additional 1,300,568 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Fluor by 361.6% during the second quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company's stock valued at $77,289,000 after purchasing an additional 1,180,838 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

Fluor Price Performance

Shares of Fluor stock opened at $42.20 on Friday. The stock has a market capitalization of $6.82 billion, a P/E ratio of 1.74 and a beta of 1.50. Fluor has a one year low of $29.20 and a one year high of $60.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The business's 50 day simple moving average is $44.37 and its two-hundred day simple moving average is $42.34.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.16). Fluor had a return on equity of 9.27% and a net margin of 25.35%.The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Analysts forecast that Fluor will post 2.5 EPS 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.

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