Fluor (NYSE:FLR) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Fluor (NYSE:FLR – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Other analysts have also issued research reports about the company. Robert W. Baird increased their price objective on Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Truist Financial reissued a “buy” rating and issued a $71.00 target price (up from $64.00) on shares of Fluor in a research note on Monday, August 10th. Barclays upped their target price on shares of Fluor from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. UBS Group raised their price target on shares of Fluor from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings downgraded shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, August 21st. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.33.

Get Our Latest Stock Report on Fluor

Fluor Price Performance

FLR stock opened at $46.30 on Friday. The stock’s 50 day moving average price is $50.43 and its 200 day moving average price is $49.34. The firm has a market cap of $6.19 billion, a P/E ratio of -6.79, a PEG ratio of 0.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 1.80. Fluor has a 1 year low of $39.33 and a 1 year high of $58.35.

Fluor (NYSE:FLR – Get Free Report) last released its quarterly earnings results on Friday, November 6th. The construction company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.03). Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business posted $0.68 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts expect that Fluor will post 2.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluor

Hedge funds have recently made changes to their positions in the business. Diversified Trust Co grew its holdings in Fluor by 3.2% in the third quarter. Diversified Trust Co now owns 49,130 shares of the construction company’s stock valued at $2,352,000 after purchasing an additional 1,528 shares during the period. Fisher Asset Management LLC raised its stake in Fluor by 209.9% during the third quarter. Fisher Asset Management LLC now owns 1,728,795 shares of the construction company’s stock worth $82,775,000 after purchasing an additional 1,170,945 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Fluor by 59.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 751,259 shares of the construction company’s stock valued at $35,978,000 after purchasing an additional 281,049 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Fluor by 41.9% in the 3rd quarter. Keybank National Association OH now owns 8,245 shares of the construction company’s stock valued at $395,000 after purchasing an additional 2,435 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in shares of Fluor during the 3rd quarter valued at $800,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Key Stories Impacting Fluor

Here are the key news stories impacting Fluor this week:

  • Positive Sentiment: Fluor reported a record $10.9 billion in third-quarter awards, including LNG Canada Phase 2 and two mining projects. Strong bookings may bolster future work, though management also flagged the possibility of a roughly $2 billion backlog reduction. Fluor Reports Third Quarter 2026 Results
  • Positive Sentiment: New project wins and agreements add to Fluor’s opportunity pipeline: the company signed an EPC contract for a large data-center campus in Kentucky, was selected for an advanced small modular reactor project in Washington, and received full notice to proceed on a Chilean mining expansion. TeraWulf EPC contract SMR project selection Sierra Gorda project notice to proceed
  • Negative Sentiment: Third-quarter EPS of $0.77 fell short of the $0.80 consensus, while revenue of $2 billion was well below analysts’ $4.16 billion estimate. Revenue did rise 10.5% year over year, but the forecast gap and potential backlog reset could weigh on confidence. Fluor earnings and backlog report

About Fluor

(Get Free Report)

Fluor Corporation is a global engineering, procurement, construction and project-management company serving government and commercial clients. The company provides design and construction services, project development, procurement, maintenance, operations support and consulting for complex infrastructure and industrial projects.

Fluor’s activities span energy, chemicals and advanced technologies, infrastructure, mining and metals, life sciences, and government and national-security programs.

Further Reading

Analyst Recommendations for Fluor (NYSE:FLR)

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