Fluor (NYSE:FLR) Stock Rating Lowered by Wall Street Zen

Fluor (NYSE:FLR) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other brokerages have also issued reports on FLR. Zacks Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group reduced their target price 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. KeyCorp downgraded shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 target price on the stock. in a research note on Tuesday, July 15th. Citigroup reduced their target price 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. Finally, Robert W. Baird reduced their target price on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.43.

Fluor Trading Up 1.0%

Shares of Fluor stock opened at $43.93 on Friday. The firm has a market capitalization of $7.10 billion, a PE ratio of 1.81 and a beta of 1.48. 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 company’s fifty day moving average price is $42.18 and its two-hundred day moving average price is $42.82. Fluor has a 52-week low of $29.20 and a 52-week high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly 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). The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. On average, analysts expect that Fluor will post 2.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its position in Fluor by 10.7% during the 1st quarter. New York State Teachers Retirement System now owns 192,218 shares of the construction company’s stock worth $6,885,000 after buying an additional 18,603 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Fluor by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,371 shares of the construction company’s stock worth $49,000 after buying an additional 701 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Fluor by 46.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 23,640 shares of the construction company’s stock worth $847,000 after buying an additional 7,540 shares in the last quarter. UMB Bank n.a. lifted its position in Fluor by 288.9% during the 2nd quarter. UMB Bank n.a. now owns 1,956 shares of the construction company’s stock worth $100,000 after buying an additional 1,453 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in Fluor by 59.6% during the 1st quarter. Vontobel Holding Ltd. now owns 18,004 shares of the construction company’s stock worth $645,000 after buying an additional 6,720 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.