Fluor (NYSE:FLR) Sets New 52-Week Low - Should You Sell?

Fluor Co. (NYSE:FLR - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $34.76 and last traded at $35.28, with a volume of 130845 shares traded. The stock had previously closed at $36.14.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FLR shares. Truist Financial dropped their price target on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. DA Davidson reduced their target price on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Citigroup lowered their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird dropped their price objective on Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.71.

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 firm has a market capitalization of $5.89 billion, a PE ratio of 2.86, a P/E/G ratio of 1.36 and a beta of 1.73. The company has a 50-day moving average price of $44.98 and a 200-day moving average price of $48.94.

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Fluor (NYSE:FLR - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Sell-side analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Hedge Funds Weigh In On Fluor

A number of hedge funds have recently made changes to their positions in FLR. Crossmark Global Holdings Inc. grew its stake in Fluor by 4.7% during the third quarter. Crossmark Global Holdings Inc. now owns 8,510 shares of the construction company's stock worth $406,000 after buying an additional 381 shares during the period. Los Angeles Capital Management LLC increased its holdings in Fluor by 139.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock valued at $819,000 after purchasing an additional 9,992 shares in the last quarter. Wolverine Asset Management LLC raised its position in Fluor by 5.9% in the third quarter. Wolverine Asset Management LLC now owns 9,000 shares of the construction company's stock valued at $429,000 after purchasing an additional 500 shares during the period. MQS Management LLC acquired a new position in Fluor during the 3rd quarter worth approximately $289,000. Finally, KBC Group NV boosted its stake in shares of Fluor by 11.2% in the third quarter. KBC Group NV now owns 4,544 shares of the construction company's stock valued at $217,000 after purchasing an additional 456 shares during the period. 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.