Fluor (NYSE:FLR) Earns “Buy” Rating from Truist Financial

Fluor (NYSE:FLR)‘s stock had its “buy” rating reiterated by Truist Financial in a research report issued on Monday, Benzinga reports. They presently have a $47.00 price objective on the construction company’s stock, up from their previous price objective of $46.00. Truist Financial’s price objective indicates a potential upside of 20.82% from the company’s previous close.

FLR has been the topic of a number of other research reports. Citigroup raised their target price on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. KeyCorp assumed coverage on Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Robert W. Baird raised their target price on Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, TheStreet lowered Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.00.

Fluor Stock Performance

Shares of Fluor stock opened at $38.90 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.60. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.08 and a beta of 2.11. The business has a 50-day moving average of $39.73 and a 200 day moving average of $38.42. Fluor has a 12 month low of $25.69 and a 12 month high of $43.24.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $4 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. Fluor’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. As a group, sell-side analysts forecast that Fluor will post 2.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLR. Texas Permanent School Fund Corp boosted its stake in shares of Fluor by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 149,110 shares of the construction company’s stock valued at $6,304,000 after buying an additional 1,934 shares in the last quarter. Lesa Sroufe & Co boosted its stake in shares of Fluor by 0.6% in the first quarter. Lesa Sroufe & Co now owns 50,950 shares of the construction company’s stock valued at $2,154,000 after buying an additional 312 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Fluor by 6.9% in the first quarter. Janney Montgomery Scott LLC now owns 89,204 shares of the construction company’s stock valued at $3,772,000 after buying an additional 5,760 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Fluor by 7.9% in the first quarter. BNP Paribas Financial Markets now owns 739,254 shares of the construction company’s stock valued at $31,256,000 after buying an additional 54,228 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Fluor by 0.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after buying an additional 286 shares in the last quarter. 88.07% of the stock is currently 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.