Fluor (NYSE:FLR) Price Target Cut to $55.00 by Analysts at DA Davidson

Fluor (NYSE:FLR - Free Report) had its price target trimmed by DA Davidson from $65.00 to $55.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the construction company's stock. DA Davidson also issued estimates for Fluor's Q1 2025 earnings at $0.58 EPS, FY2025 earnings at $2.50 EPS and FY2026 earnings at $2.85 EPS.

Several other analysts have also issued reports on FLR. Robert W. Baird cut their target price on Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a research note on Wednesday. UBS Group increased their price objective on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Citigroup dropped their price objective on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Baird R W lowered Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, Truist Financial dropped their price objective on Fluor from $66.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.43.

Fluor Price Performance

Shares of FLR stock traded down $2.10 during trading on Wednesday, hitting $37.73. The company had a trading volume of 4,140,554 shares, compared to its average volume of 3,613,242. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 3.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.89. The stock's 50-day moving average is $48.66 and its two-hundred day moving average is $50.04. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, analysts predict that Fluor will post 2.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark E. Fields sold 50,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the completion of the transaction, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. D'agostino sold 7,681 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now owns 137,974 shares of the company's stock, valued at $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fluor

Several large investors have recently bought and sold shares of the business. CIBC Asset Management Inc increased its holdings in Fluor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company's stock worth $235,000 after buying an additional 176 shares in the last quarter. GAMMA Investing LLC increased its holdings in Fluor by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock worth $112,000 after buying an additional 213 shares in the last quarter. Seelaus Asset Management LLC boosted its position in Fluor by 3.7% in the third quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company's stock worth $307,000 after purchasing an additional 230 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Fluor by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock worth $533,000 after purchasing an additional 241 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in Fluor by 4.9% in the third quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company's stock worth $286,000 after purchasing an additional 277 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

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.