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

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a report released on Monday morning.

Several other equities analysts also recently commented on the stock. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. DA Davidson cut their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird cut their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Truist Financial cut their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor Price Performance

NYSE:FLR opened at $37.34 on Monday. 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’s fifty day moving average price is $44.12 and its two-hundred day moving average price is $48.66. Fluor has a one year low of $34.01 and a one year high of $60.10. The company has a market cap of $6.30 billion, a P/E ratio of 3.06, a P/E/G ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) 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 business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Equities analysts expect that Fluor will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fluor by 21.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,566 shares of the construction company’s stock worth $472,000 after acquiring an additional 1,696 shares during the last quarter. Neo Ivy Capital Management raised its holdings in Fluor by 45.2% in the 4th quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock valued at $3,252,000 after buying an additional 20,541 shares during the last quarter. State of Wyoming raised its holdings in Fluor by 165.6% in the 4th quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock valued at $250,000 after buying an additional 3,160 shares during the last quarter. Tema Etfs LLC bought a new position in Fluor in the 4th quarter valued at approximately $5,317,000. Finally, Point72 Hong Kong Ltd raised its holdings in Fluor by 15.6% in the 4th quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock valued at $2,133,000 after buying an additional 5,849 shares during the last quarter. Institutional investors 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.