Why Is FLUOR CORP NEW (FLR) Stock Down Today?

Why FLR stock is down today

Fluor Corp New shares fell 8.33 percent to $52.25 on August 10. The stock reversed a recent upward trend after a flurry of price target increases failed to offset broader market concerns. The stock had risen 13.2 percent over the previous eight sessions but reversed sharply in intraday trade.

What Happened

Five separate analyst firms raised their price targets for FLR in the past 36 hours. Truist raised its target to $71 from $64. UBS increased its target to $66 from $59. Citi raised its target to $68 from $56. Baird increased its target to $65 from $49. Barclays raised its target to $50 from $40. Despite these optimistic revisions, the stock declined sharply. Fluor's recent earnings report had prompted some analysts to increase their forecasts based on better-than-expected Q2 results. However the market reacted negatively to the broader economic backdrop and sector-specific concerns. A Group President at Fluor sold $276,000 of shares on August 7 and August 10. Steve Cohen sold between $15,001 and $50,000 on December 29 2025.

What The Data Shows

Fluor has a market cap of $6.8 billion and a P/E ratio of 25.9. The company has seen a revenue decline of 8.3 percent in the trailing twelve months. Its net margin is 2.3 percent and its beta is 1.26. The stock has traded between $39.33 and $57.65 over the past 52 weeks. Fluor's stock price has been volatile recently. It reached a high of $56.68 before dropping to its current level. The stock is now trading near the lower end of its 52-week range.

What To Watch

Fluor has not announced an upcoming earnings date. Investors should monitor the breadth of analyst coverage and any new developments in the energy infrastructure sector.