Fluor (NYSE:FLR) Reaches New 12-Month Low - Should You Sell?

Fluor Co. (NYSE:FLR - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $35.83 and last traded at $35.84, with a volume of 43752 shares. The stock had previously closed at $36.92.

Analyst Ratings Changes

Several research analysts recently issued reports on FLR shares. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a research report on Saturday, March 1st. Robert W. Baird dropped their price objective on shares of Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. DA Davidson dropped their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Finally, Barclays set a $40.00 price objective on shares of Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and an average price target of $54.71.

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Fluor Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company's 50 day moving average price is $46.11 and its 200 day moving average price is $49.32. The firm has a market capitalization of $6.10 billion, a P/E ratio of 2.97, a PEG ratio of 1.36 and a beta of 1.73.

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

Hedge Funds Weigh In On Fluor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after acquiring an additional 527 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Fluor by 196.2% in the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after acquiring an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Fluor in the fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC boosted its stake in Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after acquiring an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Fluor during the fourth quarter worth $57,000. 88.07% of the stock is 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.