Fluor (NYSE:FLR) Stock Price Up 5.6% - What's Next?

Fluor Co. (NYSE:FLR - Get Free Report)'s share price was up 5.6% during trading on Friday . The company traded as high as $40.06 and last traded at $39.69. Approximately 1,362,036 shares traded hands during trading, a decline of 41% from the average daily volume of 2,296,224 shares. The stock had previously closed at $37.58.

Wall Street Analyst Weigh In

A number of analysts recently commented on FLR shares. Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. UBS Group reduced their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Truist Financial upped their price objective on Fluor from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Barclays set a $40.00 price objective on Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, Robert W. Baird set a $41.00 price objective on Fluor in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Fluor presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The business has a 50-day simple moving average of $35.76 and a 200 day simple moving average of $43.59. The firm has a market cap of $6.77 billion, a PE ratio of 3.37, a PEG ratio of 1.36 and a beta of 1.24.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.23. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. Equities research analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Hedge Funds Weigh In On Fluor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Fluor during the first quarter valued at approximately $54,000. Intech Investment Management LLC lifted its stake in shares of Fluor by 26.7% in the 1st quarter. Intech Investment Management LLC now owns 149,885 shares of the construction company's stock valued at $5,369,000 after purchasing an additional 31,549 shares during the last quarter. Bayforest Capital Ltd lifted its stake in shares of Fluor by 140.6% in the 1st quarter. Bayforest Capital Ltd now owns 26,589 shares of the construction company's stock valued at $952,000 after purchasing an additional 15,536 shares during the last quarter. Optimize Financial Inc bought a new stake in shares of Fluor in the 1st quarter valued at approximately $215,000. Finally, Clearline Capital LP bought a new stake in shares of Fluor in the 1st quarter valued at approximately $30,838,000. 88.07% of the stock is owned by institutional investors.

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.