Fluor Corporation (FLR) is a multinational engineering and construction firm based in Irving, Texas in the United States. The company provides services in various sectors including oil and gas, industrial and infrastructure, government, and power. Founded in 1912 by John Simon Fluor as Fluor Construction Company, it has grown to become one of the largest construction companies in the world.
The company’s fields of operation include the design, engineering, construction, and maintenance of complex projects such as oil refineries, chemical and petrochemical plants, pipelines, offshore platforms, infrastructure projects, and power plants. Fluor has the capabilities to deliver comprehensive projects from the conceptual planning phase to the project delivery and beyond.
In the petroleum industry, Fluor provides a full range of integrated services to international and national oil companies, independent producers, and petroleum-based government agencies. The energy transition aspect of the company’s work brings its skills to bear on wind, solar, and other renewable projects while its diversified services like asset management make it a leader in this respect.
In the infrastructure and power sectors, Fluor's expertise spans a wide array of projects such as roads, highways, and bridges, and power generation facilities. For governments, Fluor provides global solutions in support of U.S. Federal programs, as well as international governments needs.
Fluor has a reputation for executing large and complex projects worldwide. The company is known for their safety culture and commitment to delivering projects on time and on budget. They are committed to being a steward of the environment and providing quality services in a responsible manner.
Despite challenges in the recent past that saw a turnover in the company’s leadership and a restructuring after significant losses, Fluor Corporation continues to be one of the world's leading publicly traded engineering, procurement, construction, maintenance, and project management companies.
In sum, Fluor Corporation (FLR) has a century-long history marked by innovation, customer service and quality workmanship. The company prides itself on adhering to the highest levels of safety, conduct and ethical standards. With an international footprint spanning six continents, Fluor has developed strong relationships in industries across the globe and continues to be a powerhouse in the engineering and construction sector.
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BofA Securities has raised its price target for Fluor Corporation (FLR) to $55.50 from the previous $47.50. The article mentions other recent analyst target adjustments for Fluor, including UBS and Truist maintaining "Buy" ratings with increased price targets. This adjustment reflects analyst confidence in Fluor Corporation's financial outlook.
Mike Salisbury, an engineer with Fluor Corporation, has been honored for his 40-year career, which began in 1984 at the Portsmouth Gaseous Diffusion Plant. Salisbury's work has spanned multiple Department of Energy sites across several states, focusing on environmental and construction efforts. He currently serves as a principal engineer for environmental remediation at Portsmouth.
Fluor (FLR) stock has significantly outperformed its Construction sector peers this year, returning 42.8% year-to-date compared to the sector's 1.3% average. The company holds a Zacks Rank #2 (Buy), driven by improving analyst sentiment and earnings outlooks. Another strong performer in the sector is James Hardie (JHX), with a 37.2% year-to-date return, also holding a Zacks Rank #2 (Buy).
Fluor Corp (FLR) shares rose 4.5% to $54.74, but GuruFocus's GF Value indicates the stock is overvalued at $49.43. The company has a GF Score of 75/100, suggesting above-average performance potential, with strong momentum but modest financial strength and profitability. Insider activity shows significant selling without buying, raising concerns for potential investors.
The State of Wyoming has invested $1.36 million in Fluor Corporation ($FLR) during the second quarter, acquiring 25,917 shares. This comes as Fluor reported strong quarterly earnings, beating analyst estimates with $0.91 EPS and an 8.8% revenue increase. Analysts maintain a "Moderate Buy" consensus for FLR, with an average price target of $63.33, despite a recent insider share sale.
Empowered Funds LLC significantly increased its stake in Fluor Corporation (NYSE:FLR) during the first quarter by acquiring an additional 43,078 shares, bringing their total to 138,342 shares valued at approximately $6.45 million. This increased holding reflects a 45.2% boost in their position. The construction company recently reported strong quarterly earnings of $0.91 per share, surpassing analyst estimates, with an 8.8% year-over-year revenue increase to $4.33 billion.