Robert W. Baird Cuts Fluor (NYSE:FLR) Price Target to $43.00

Fluor (NYSE:FLR) had its price target cut by Robert W. Baird from $46.00 to $43.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

FLR has been the subject of several other reports. KeyCorp increased 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. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Citigroup dropped their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. DA Davidson reduced their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Fluor from a “hold” rating to a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.57.

Fluor Price Performance

Shares of FLR opened at $31.02 on Thursday. The stock has a market cap of $5.21 billion, a PE ratio of 2.55, a P/E/G ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor has a 1-year low of $29.75 and a 1-year high of $60.10. The firm has a 50-day simple moving average of $40.18 and a two-hundred day simple moving average of $47.72.

Fluor (NYSE:FLR) last announced its quarterly earnings data 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 net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. As a group, analysts forecast that Fluor will post 2.5 EPS for the current year.

Institutional Investors Weigh In On Fluor

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