Fluor Co. (NEW) (FLR) Receives $55.56 Average Price Target from Analysts

Fluor Co. (NEW) (NYSE:FLR) has received an average rating of “Hold” from the fifteen research firms that are covering the firm. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $55.80.

A number of research firms have recently weighed in on FLR. Credit Suisse Group AG restated a “hold” rating and issued a $58.00 price target on shares of Fluor Co. (NEW) in a research note on Friday, February 10th. Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Monday. DA Davidson restated a “neutral” rating on shares of Fluor Co. (NEW) in a research note on Friday, February 10th. Citigroup Inc restated a “buy” rating and issued a $65.00 price target on shares of Fluor Co. (NEW) in a research note on Monday, March 13th. Finally, Johnson Rice upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, January 25th.

In other Fluor Co. (NEW) news, insider Robin K. Chopra sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $53.85, for a total transaction of $96,930.00. Following the completion of the transaction, the insider now owns 8,562 shares in the company, valued at approximately $461,063.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ray F. Barnard sold 7,490 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $57.18, for a total transaction of $428,278.20. Following the transaction, the insider now owns 68,811 shares of the company’s stock, valued at approximately $3,934,612.98. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in Fluor Co. (NEW) by 1,417.9% in the fourth quarter. FMR LLC now owns 8,412,897 shares of the construction company’s stock valued at $441,845,000 after buying an additional 7,858,641 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Fluor Co. (NEW) by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,769,627 shares of the construction company’s stock valued at $193,457,000 after buying an additional 38,477 shares during the last quarter. BlackRock Fund Advisors raised its position in Fluor Co. (NEW) by 4.2% in the third quarter. BlackRock Fund Advisors now owns 2,309,366 shares of the construction company’s stock valued at $118,517,000 after buying an additional 92,545 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fluor Co. (NEW) by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,174,294 shares of the construction company’s stock valued at $114,195,000 after buying an additional 31,714 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Fluor Co. (NEW) by 25.6% in the fourth quarter. Bessemer Group Inc. now owns 1,930,574 shares of the construction company’s stock valued at $101,393,000 after buying an additional 393,195 shares during the last quarter. Hedge funds and other institutional investors own 83.99% of the company’s stock.

Fluor Co. (NYSE:FLR) opened at 50.60 on Friday. The firm has a 50-day moving average of $51.88 and a 200-day moving average of $53.13. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 25.30 and a beta of 1.56. Fluor Co. has a 52-week low of $44.05 and a 52-week high of $58.37.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, May 4th. The construction company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.10. Fluor Co. (NEW) had a net margin of 0.87% and a return on equity of 14.81%. The company earned $4.84 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Fluor Co. will post $2.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.66%. Fluor Co. (NEW)’s payout ratio is 74.34%.

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About Fluor Co. (NEW)

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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