DA Davidson Has Lowered Expectations for Fluor (NYSE:FLR) Stock Price

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

A number of other equities analysts have also weighed in on the company. UBS Group upped their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Citigroup reduced 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. Truist Financial reduced 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. Robert W. Baird reduced their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and a consensus target price of $55.43.

Fluor Price Performance

Shares of NYSE FLR opened at $39.78 on Wednesday. The firm has a market capitalization of $6.82 billion, a P/E 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. The stock’s 50-day simple moving average is $49.00 and its two-hundred day simple moving average is $50.07. Fluor has a twelve month low of $35.04 and a twelve month high of $60.10.

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

Insider Activity at Fluor

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

Institutional Investors Weigh In On Fluor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Neo Ivy Capital Management lifted its holdings in Fluor by 45.2% in the 4th quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock worth $3,252,000 after buying an additional 20,541 shares during the period. State of Wyoming lifted its stake in shares of Fluor by 165.6% in the 4th quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock valued at $250,000 after purchasing an additional 3,160 shares during the period. Tema Etfs LLC purchased a new position in shares of Fluor in the 4th quarter valued at approximately $5,317,000. Point72 Hong Kong Ltd lifted its stake in shares of Fluor by 15.6% in the 4th quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock valued at $2,133,000 after purchasing an additional 5,849 shares during the period. Finally, Potrero Capital Research LLC purchased a new position in shares of Fluor in the 4th quarter valued at approximately $14,115,000. 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.