Fluor Co. (NYSE:FLR) Receives $51.57 Average PT from Brokerages

Fluor Co. (NYSE:FLR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $49.43.

Several research firms have recently commented on FLR. Truist Financial lowered their price target on shares of Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday. KeyCorp lowered their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Barclays set a $40.00 price target on Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. Baird R W downgraded Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.

Fluor Stock Up 12.6 %

Shares of FLR traded up $3.89 during mid-day trading on Friday, reaching $34.75. The company's stock had a trading volume of 3,455,584 shares, compared to its average volume of 2,129,743. Fluor has a 1 year low of $29.20 and a 1 year high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 2.85, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The business has a fifty day moving average of $38.68 and a 200 day moving average of $47.21.

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

Institutional Investors Weigh In On Fluor

Several hedge funds and other institutional investors have recently made changes to their positions in FLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Fluor by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company's stock valued at $13,049,000 after buying an additional 7,242 shares during the last quarter. Captrust Financial Advisors raised its holdings in Fluor by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company's stock valued at $891,000 after acquiring an additional 329 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Fluor in the 3rd quarter worth approximately $1,161,000. Centiva Capital LP acquired a new stake in shares of Fluor during the 3rd quarter worth approximately $426,000. Finally, HighTower Advisors LLC increased its position in shares of Fluor by 4.1% during the third quarter. HighTower Advisors LLC now owns 33,922 shares of the construction company's stock valued at $1,618,000 after purchasing an additional 1,324 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

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.