Fluor (NYSE:FLR) Upgraded at StockNews.com

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

Other equities analysts also recently issued research reports about the company. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. 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 note on Wednesday, February 19th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. Citigroup dropped 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. Finally, KeyCorp upped their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.71.

Fluor Trading Up 2.9 %

Fluor stock opened at $38.29 on Monday. 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 firm has a market cap of $6.46 billion, a PE ratio of 3.14, a P/E/G ratio of 1.36 and a beta of 1.73. The stock’s 50 day simple moving average is $43.63 and its two-hundred day simple moving average is $48.50. Fluor has a 12 month low of $34.01 and a 12 month high of $60.10.

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). The firm had revenue of $4.26 billion for 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%. Analysts anticipate that Fluor will post 2.5 earnings per share for the current year.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently bought and sold shares of FLR. Cornerstone Wealth Management LLC purchased a new stake in shares of Fluor during the 4th quarter valued at approximately $484,000. Exchange Traded Concepts LLC grew its holdings in shares of Fluor by 291.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 32,472 shares during the period. Aequim Alternative Investments LP increased its position in shares of Fluor by 6.0% during the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after purchasing an additional 41,800 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after buying an additional 457,220 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Fluor by 67.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company’s stock worth $2,345,000 after buying an additional 19,836 shares during the period. 88.07% of the stock is owned by hedge funds and other 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.