Fluor (NYSE:FLR) Given New $52.00 Price Target at UBS Group

Fluor (NYSE:FLR) had its price objective lowered by equities researchers at UBS Group from $56.00 to $52.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price target would indicate a potential upside of 17.75% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup decreased their price target on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Truist Financial boosted their target price on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird cut their price objective on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Finally, DA Davidson increased their target price on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fluor presently has a consensus rating of “Hold” and a consensus price target of $49.57.

Fluor Stock Down 3.4%

Shares of FLR traded down $1.57 on Thursday, hitting $44.16. 1,204,882 shares of the stock traded hands, compared to its average volume of 3,651,343. The business has a 50 day simple moving average of $44.84 and a 200 day simple moving average of $45.01. Fluor has a one year low of $29.20 and a one year high of $57.50. The company has a market capitalization of $7.12 billion, a PE ratio of 1.82 and a beta of 1.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.24. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the firm earned $0.51 EPS. The company’s revenue was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, equities analysts forecast that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Hedge funds and other institutional investors have recently made changes to their positions in the business. DLD Asset Management LP purchased a new stake in shares of Fluor during the second quarter worth $1,025,400,000. Dimensional Fund Advisors LP lifted its position in Fluor by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after buying an additional 328,122 shares during the last quarter. Rubric Capital Management LP purchased a new position in shares of Fluor during the second quarter worth $205,080,000. Hotchkis & Wiley Capital Management LLC increased its stake in Fluor by 43.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after purchasing an additional 1,104,350 shares during the period. Finally, Greenhouse Funds LLLP lifted its holdings in Fluor by 1.2% during the 1st quarter. Greenhouse Funds LLLP now owns 2,467,385 shares of the construction company’s stock worth $88,382,000 after buying an additional 29,404 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.