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Fluor ( (FLR) ) has provided an announcement.
Fluor Corporation announced that Executive Chairman David E. Constable informed the board on March 3, 2026, that he will not stand for reelection at the May 6, 2026 annual meeting and will retire from the company as of that date. In anticipation of this transition, the board has appointed current Lead Independent Director James T. Hackett as Chair of the Board effective May 5, 2026, and Fluor’s subsidiary FDEE Consulting, Inc. entered into a one-year consulting agreement on March 4, 2026, under which Constable will provide advisory services beginning May 6, 2026 for a fixed fee paid quarterly.
In a related governance move, the board voted on March 4, 2026 to expand its size to 12 members and elected Robert G. Card to fill the new seat, effective immediately. Card, deemed independent under New York Stock Exchange standards and the company’s governance guidelines, has joined the Audit Committee and the Commercial Strategies and Operational Risk Committee, reinforcing the board’s independent oversight and strategic risk management capabilities while receiving the standard compensation and indemnification provided to non-employee directors.
The most recent analyst rating on (FLR) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on Fluor stock, see the FLR Stock Forecast page.
Spark’s Take on FLR Stock
According to Spark, TipRanks’ AI Analyst, FLR is a Neutral.
The score is held back primarily by sharp 2025 profitability and cash-flow deterioration and ongoing project execution risks, despite a de-risked leverage profile. Offsetting factors include a very low valuation multiple and a moderately constructive outlook from the earnings call (2026 guidance, backlog strength, and significant planned buybacks), while technical signals point to stabilization rather than strong momentum.
To see Spark’s full report on FLR stock, click here.
More about Fluor
Fluor Corporation is a global engineering, procurement and construction company that provides project management and technical services to clients across industries such as energy, infrastructure, mining and industrial facilities. The company focuses on delivering large-scale capital projects and related consulting services to a broad base of corporate and government customers worldwide.
Average Trading Volume: 2,906,425
Technical Sentiment Signal: Buy
Current Market Cap: $6.61B
See more insights into FLR stock on TipRanks’ Stock Analysis page.