Fluor (NYSE:FLR) Sets New 1-Year Low – Here’s Why

Fluor Co. (NYSE:FLR) hit a new 52-week low on Tuesday . The company traded as low as $35.83 and last traded at $35.84, with a volume of 43752 shares traded. The stock had previously closed at $36.92.

Analyst Ratings Changes

FLR has been the subject of several recent analyst reports. StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Robert W. Baird lowered their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. 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 raised their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Trading Down 2.1 %

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 company has a fifty day simple moving average of $46.66 and a 200-day simple moving average of $49.49. The company has a market capitalization of $6.12 billion, a PE ratio of 2.98, a PEG ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.14% and a net margin of 13.14%. Analysts predict that Fluor Co. will post 2.5 EPS for the current year.

Institutional Trading of Fluor

A number of large investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its stake in shares of Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after purchasing an additional 527 shares in the last quarter. Sterling Capital Management LLC raised its stake in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after purchasing an additional 408 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Fluor in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Fluor in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.