Fluor Corporation (NYSE:FLR) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $49.50.
A number of equities analysts recently issued reports on FLR shares. Johnson Rice lowered Fluor Corporation from a “buy” rating to an “accumulate” rating and set a $48.00 price target on the stock. in a report on Monday. DA Davidson raised Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, June 1st. Canaccord Genuity raised Fluor Corporation from a “hold” rating to a “buy” rating and lowered their price objective for the company from $57.00 to $55.00 in a report on Monday, May 15th. Zacks Investment Research raised Fluor Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Monday, May 1st. Finally, Credit Suisse Group set a $59.00 price objective on Fluor Corporation and gave the company a “hold” rating in a report on Saturday, April 22nd.
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Several large investors have recently made changes to their positions in FLR. Vanguard Group Inc. raised its stake in shares of Fluor Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,312,237 shares of the construction company’s stock valued at $700,490,000 after buying an additional 460,481 shares during the period. Clearbridge Investments LLC raised its stake in shares of Fluor Corporation by 4.1% in the first quarter. Clearbridge Investments LLC now owns 12,415,798 shares of the construction company’s stock valued at $653,319,000 after buying an additional 487,187 shares during the period. BlackRock Inc. raised its stake in shares of Fluor Corporation by 3,137.9% in the first quarter. BlackRock Inc. now owns 9,025,119 shares of the construction company’s stock valued at $474,903,000 after buying an additional 8,746,386 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Fluor Corporation by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,103 shares of the construction company’s stock valued at $116,926,000 after buying an additional 47,809 shares during the period. Finally, Boston Partners raised its stake in shares of Fluor Corporation by 3.9% in the second quarter. Boston Partners now owns 1,812,304 shares of the construction company’s stock valued at $82,967,000 after buying an additional 68,241 shares during the period. 82.77% of the stock is currently owned by institutional investors and hedge funds.
Fluor Corporation (NYSE:FLR) opened at 39.19 on Tuesday. The company’s 50-day moving average price is $44.84 and its 200 day moving average price is $49.95. Fluor Corporation has a 12 month low of $38.78 and a 12 month high of $58.37. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 23.19 and a beta of 1.39.
Fluor Corporation (NYSE:FLR) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.13. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the company posted $0.72 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Analysts predict that Fluor Corporation will post $1.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is 106.33%.
About Fluor Corporation
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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