Fluor (NYSE:FLR) Shares Gap Up - Time to Buy?

Key Points

• Fluor Corporation's stock gapped up from $47.88 to $49.92 at opening on Tuesday, with recent trading at $48.39 on a volume of over 3 million shares.
• Analysts have varying views on Fluor with a consensus rating of "Hold," and several price targets ranging from $41.00 to $56.00, reflecting recent changes from key financial institutions.
• The company reported a missed EPS of $0.43 for the last quarter, falling short of expectations while projecting FY 2025 EPS guidance between 1.950 to 2.15.

Fluor Corporation (NYSE:FLR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $47.88, but opened at $49.92. Fluor shares last traded at $48.39, with a volume of 3,032,316 shares changing hands.

Analysts Set New Price Targets

FLR has been the topic of several recent research reports. UBS Group lowered their price target on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Robert W. Baird decreased their price objective on Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Fluor in a report on Tuesday, October 14th. Truist Financial decreased their price target on Fluor from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Finally, KeyCorp lowered Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target on the stock. in a research report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $49.43.

Fluor Trading Up 1.8%

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 has a 50-day simple moving average of $42.90 and a two-hundred day simple moving average of $43.37. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 2.01 and a beta of 1.48.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Friday, August 1st. The construction company reported $0.43 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 business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business's revenue was down 5.9% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Equities analysts forecast that Fluor Corporation will post 2.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

Several institutional investors and hedge funds have recently made changes to their positions in FLR. MTM Investment Management LLC bought a new stake in Fluor in the 2nd quarter valued at $26,000. IFP Advisors Inc acquired a new stake in shares of Fluor during the second quarter worth $27,000. Hurley Capital LLC bought a new stake in shares of Fluor in the first quarter valued at about $29,000. Hantz Financial Services Inc. grew its stake in shares of Fluor by 2,695.2% in the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company's stock valued at $30,000 after acquiring an additional 566 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its stake in Fluor by 800.0% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock worth $32,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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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