Fluor Corporation (NYSE:FLR) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $47.45.
A number of research analysts have commented on FLR shares. Canaccord Genuity restated a “buy” rating and set a $54.00 price objective on shares of Fluor in a research note on Monday, November 6th. Citigroup set a $53.00 price objective on Fluor and gave the stock a “buy” rating in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and set a $50.00 price objective on shares of Fluor in a research note on Friday, September 22nd. Robert W. Baird restated a “hold” rating and set a $40.00 price objective on shares of Fluor in a research note on Tuesday, September 5th. Finally, Zacks Investment Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th.
Shares of Fluor (NYSE:FLR) traded down $0.25 during trading on Friday, reaching $50.13. The company had a trading volume of 1,402,039 shares, compared to its average volume of 1,418,879. Fluor has a 52-week low of $37.03 and a 52-week high of $58.37. The firm has a market capitalization of $7,010.00, a PE ratio of 18.12, a P/E/G ratio of 3.51 and a beta of 1.46. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.
Fluor (NYSE:FLR) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. Fluor had a return on equity of 11.69% and a net margin of 1.03%. The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter last year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. analysts predict that Fluor will post 1.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, December 4th. Fluor’s dividend payout ratio is presently 58.74%.
In related news, CFO Bruce A. Stanski sold 2,792 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $48.48, for a total value of $135,356.16. Following the transaction, the chief financial officer now owns 40,104 shares in the company, valued at $1,944,241.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jose Luis M. Bustamante sold 2,750 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.63, for a total value of $133,732.50. Following the completion of the transaction, the insider now owns 38,757 shares in the company, valued at approximately $1,884,752.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,932 shares of company stock worth $2,191,092. 1.30% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Energy Opportunities Capital Management LLC lifted its stake in shares of Fluor by 83.5% in the third quarter. Energy Opportunities Capital Management LLC now owns 54,160 shares of the construction company’s stock worth $2,280,000 after acquiring an additional 24,649 shares in the last quarter. Coastline Trust Co increased its holdings in Fluor by 63.2% in the third quarter. Coastline Trust Co now owns 11,960 shares of the construction company’s stock valued at $504,000 after buying an additional 4,630 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Fluor in the third quarter valued at about $1,909,000. Robinson Value Management Ltd. increased its holdings in Fluor by 324.4% in the third quarter. Robinson Value Management Ltd. now owns 70,156 shares of the construction company’s stock valued at $2,954,000 after buying an additional 53,627 shares during the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in Fluor in the third quarter valued at about $226,000. Institutional investors and hedge funds own 84.30% of the company’s stock.
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Fluor Company Profile
Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.
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