Fluor Co. (NEW) (FLR) Given Average Recommendation of “Hold” by Brokerages

Shares of Fluor Co. (NEW) (NYSE:FLR) have received an average recommendation of “Hold” from the fifteen analysts that are covering the firm. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $55.56.

FLR has been the subject of several research analyst reports. Deutsche Bank AG raised Fluor Co. (NEW) from a “hold” rating to a “buy” rating and increased their price objective for the stock from $48.00 to $63.00 in a research note on Thursday, January 12th. Johnson Rice raised Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, January 25th. Credit Suisse Group AG increased their price objective on Fluor Co. (NEW) from $49.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 31st. Zacks Investment Research raised Fluor Co. (NEW) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 4th. Finally, DA Davidson reissued a “neutral” rating on shares of Fluor Co. (NEW) in a research note on Friday, February 10th.

Fluor Co. (NYSE:FLR) traded up 0.18% during trading on Friday, hitting $50.58. 1,113,020 shares of the company traded hands. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 25.29 and a beta of 1.56. Fluor Co. has a 52-week low of $44.05 and a 52-week high of $58.37. The company’s 50-day moving average is $52.80 and its 200 day moving average is $53.06.

Fluor Co. (NEW) (NYSE:FLR) last announced its earnings results on Friday, February 17th. The construction company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. Fluor Co. (NEW) had a return on equity of 14.81% and a net margin of 0.87%. The business earned $4.99 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same period in the prior year, the business posted $0.89 earnings per share. Fluor Co. (NEW)’s revenue was up 14.2% compared to the same quarter last year. On average, equities analysts anticipate that Fluor Co. will post $2.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 4th. Stockholders of record on Thursday, March 2nd were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, February 28th. Fluor Co. (NEW)’s dividend payout ratio is 74.34%.

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In other Fluor Co. (NEW) news, 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 value of $428,278.20. Following the sale, the insider now owns 68,811 shares of the company’s stock, valued at approximately $3,934,612.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $96,930.00. Following the completion of the sale, the insider now directly owns 8,562 shares in the company, valued at approximately $461,063.70. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in FLR. Raymond James Trust N.A. raised its stake in shares of Fluor Co. (NEW) by 0.3% in the third quarter. Raymond James Trust N.A. now owns 4,322 shares of the construction company’s stock valued at $221,000 after buying an additional 12 shares during the last quarter. Wrapmanager Inc. raised its stake in shares of Fluor Co. (NEW) by 0.3% in the fourth quarter. Wrapmanager Inc. now owns 6,390 shares of the construction company’s stock valued at $336,000 after buying an additional 18 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Fluor Co. (NEW) by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,982 shares of the construction company’s stock valued at $419,000 after buying an additional 29 shares during the last quarter. Rothschild Investment Corp IL raised its stake in shares of Fluor Co. (NEW) by 1.7% in the third quarter. Rothschild Investment Corp IL now owns 4,883 shares of the construction company’s stock valued at $251,000 after buying an additional 81 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in shares of Fluor Co. (NEW) by 1.8% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,650 shares of the construction company’s stock valued at $290,000 after buying an additional 100 shares during the last quarter. 83.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:FLR

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