Fluor (NYSE:FLR) Rating Lowered to “Hold” at StockNews.com

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

FLR has been the topic of a number of other research reports. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson cut their target price on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Truist Financial cut their target price on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Barclays set a $40.00 target price on Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, Robert W. Baird cut their target price on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Trading Down 1.1 %

FLR opened at $36.16 on Friday. Fluor has a one year low of $35.10 and a one year high of $60.10. The stock has a market capitalization of $6.10 billion, a PE ratio of 2.97, a P/E/G ratio of 1.36 and a beta of 1.73. The business’s 50 day moving average price is $45.83 and its 200 day moving average price is $49.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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. As a group, equities research analysts expect that Fluor will post 2.5 EPS for the current year.

Institutional Trading of Fluor

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its position in shares of Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares during the period. Sterling Capital Management LLC increased its holdings 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 buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Fluor in the fourth quarter valued at $33,000. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Fluor in the fourth quarter valued at $57,000. Hedge funds and other institutional investors 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.