Fluor (NYSE:FLR) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Fluor (NYSE:FLR - Free Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Several other analysts have also issued reports on FLR. Truist Financial dropped their price target on shares of Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Robert W. Baird cut their price objective on Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup decreased their target price on Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.71.

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Fluor Stock Down 0.5 %

Shares of FLR stock traded down $0.17 on Tuesday, hitting $37.57. 184,912 shares of the stock were exchanged, compared to its average volume of 1,993,836. Fluor has a fifty-two week low of $34.01 and a fifty-two week high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $42.58 and a 200 day moving average of $48.19. The firm has a market capitalization of $6.31 billion, a P/E ratio of 3.08, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73.

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

Institutional Trading of Fluor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Fluor by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company's stock worth $872,871,000 after purchasing an additional 168,822 shares during the period. Geode Capital Management LLC increased its holdings in Fluor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company's stock valued at $190,953,000 after buying an additional 51,018 shares during the period. Alliancebernstein L.P. raised its position in shares of Fluor by 3.6% in the 4th quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company's stock valued at $152,596,000 after buying an additional 107,327 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Fluor by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company's stock worth $124,087,000 after acquiring an additional 25,528 shares during the period. Finally, Northern Trust Corp increased its stake in Fluor by 12.9% in the fourth quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock valued at $117,971,000 after acquiring an additional 273,156 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

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.