Fluor (NYSE:FLR – Get Free Report) had its target price hoisted by equities researchers at Robert W. Baird from $49.00 to $65.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s price objective points to a potential upside of 13.60% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Zacks Research lowered Fluor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a research note on Friday. Barclays lifted their price objective on shares of Fluor from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday. Truist Financial increased their target price on shares of Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Fluor in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fluor presently has a consensus rating of “Hold” and a consensus target price of $58.67.

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FLR opened at $57.22 on Monday. The stock has a market capitalization of $7.99 billion, a P/E ratio of -4.66, a P/E/G ratio of 1.81 and a beta of 1.25. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.38. Fluor has a 12 month low of $39.33 and a 12 month high of $57.65. The firm’s fifty day simple moving average is $50.78 and its 200 day simple moving average is $48.53.

Fluor (NYSE:FLR – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.21. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.92 billion. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. As a group, research analysts anticipate that Fluor will post 2.63 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in FLR. Starboard Value LP bought a new position in shares of Fluor in the fourth quarter valued at $205,732,000. AQR Capital Management LLC raised its position in Fluor by 163.1% during the fourth quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock worth $204,795,000 after acquiring an additional 3,203,712 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Fluor by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,515,657 shares of the construction company’s stock valued at $178,962,000 after acquiring an additional 377,985 shares during the last quarter. Rubric Capital Management LP grew its position in shares of Fluor by 12.5% in the 3rd quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock valued at $189,315,000 after acquiring an additional 500,000 shares during the period. Finally, Morgan Stanley increased its stake in shares of Fluor by 0.6% during the 4th quarter. Morgan Stanley now owns 3,405,733 shares of the construction company’s stock worth $134,969,000 after purchasing an additional 20,210 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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