Fluor (NYSE:FLR) PT Raised to $54.00

Fluor (NYSE:FLR) had its price objective upped by analysts at Truist Financial from $47.00 to $54.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price suggests a potential upside of 22.39% from the stock’s previous close.

FLR has been the topic of a number of other reports. Robert W. Baird lifted their price target on Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Citigroup lifted their target price on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.17.

Fluor Stock Performance

NYSE:FLR opened at $44.12 on Tuesday. The company has a fifty day moving average of $42.02 and a two-hundred day moving average of $40.10. Fluor has a fifty-two week low of $28.02 and a fifty-two week high of $45.75. The stock has a market capitalization of $7.55 billion, a PE ratio of 25.65, a P/E/G ratio of 2.37 and a beta of 1.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts forecast that Fluor will post 2.86 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in shares of Fluor by 77.6% in the third quarter. Envestnet Asset Management Inc. now owns 123,640 shares of the construction company’s stock valued at $4,538,000 after purchasing an additional 54,017 shares during the period. Mariner LLC increased its holdings in shares of Fluor by 33.3% during the 3rd quarter. Mariner LLC now owns 17,475 shares of the construction company’s stock worth $641,000 after buying an additional 4,362 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Fluor during the 3rd quarter valued at approximately $459,000. AQR Capital Management LLC lifted its holdings in Fluor by 449.9% in the third quarter. AQR Capital Management LLC now owns 183,311 shares of the construction company’s stock valued at $6,728,000 after acquiring an additional 149,974 shares during the last quarter. Finally, Toroso Investments LLC acquired a new stake in Fluor during the third quarter worth $959,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.