StockNews.com Downgrades Fluor (NYSE:FLR) to Hold

Fluor (NYSE:FLR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Sunday.

FLR has been the topic of a number of other research reports. Robert W. Baird cut their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. KeyCorp lifted their price target on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Citigroup lowered their price target 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, 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Trading Down 5.1 %

FLR opened at $34.31 on Friday. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 2.81, a PEG ratio of 1.36 and a beta of 1.73. Fluor has a 12 month low of $34.01 and a 12 month 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 stock has a fifty day moving average price of $45.53 and a 200-day moving average price of $49.13.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. As a group, equities research analysts anticipate that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Fluor by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after acquiring an additional 168,822 shares during the last quarter. Geode Capital Management LLC raised its stake in Fluor by 1.3% during 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 purchasing an additional 51,018 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Fluor by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock worth $152,596,000 after purchasing an additional 107,327 shares during the period. Dimensional Fund Advisors LP grew its stake in Fluor by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock valued at $124,087,000 after purchasing an additional 25,528 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock worth $117,971,000 after purchasing an additional 273,156 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.