DA Davidson Issues Pessimistic Forecast for Fluor (NYSE:FLR) Stock Price

Fluor (NYSE:FLR) had its price target lowered by DA Davidson from $65.00 to $55.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. DA Davidson’s price target points to a potential upside of 38.26% from the company’s previous close. DA Davidson also issued estimates for Fluor’s Q1 2025 earnings at $0.58 EPS and FY2026 earnings at $2.85 EPS.

Several other equities research analysts also recently issued reports on FLR. KeyCorp upped their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. UBS Group upped their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Truist Financial cut their price objective on Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup cut their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.43.

Fluor Trading Up 0.6 %

NYSE FLR opened at $39.78 on Wednesday. The business has a 50 day moving average price of $49.00 and a 200-day moving average price of $50.07. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 3.26, a P/E/G ratio of 3.25 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 18.20% and a net margin of 13.14%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. As a group, equities analysts expect that Fluor will post 2.5 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the transaction, the insider now owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. This represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Fluor during the 4th quarter worth about $33,000. Smartleaf Asset Management LLC lifted its holdings in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after purchasing an additional 287 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Fluor during the 4th quarter worth about $57,000. Hedge funds and other 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.