Fluor Corporation (NYSE:FLR) has received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $48.17.
FLR has been the subject of a number of research reports. Canaccord Genuity set a $48.00 target price on shares of Fluor Corporation and gave the company a “buy” rating in a research report on Sunday, August 6th. Seaport Global Securities reissued a “neutral” rating and set a $44.00 target price (down from $50.00) on shares of Fluor Corporation in a research report on Wednesday, October 11th. Deutsche Bank AG downgraded shares of Fluor Corporation from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $40.00 in a research report on Friday, August 4th. BidaskClub downgraded shares of Fluor Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Finally, Stephens reissued an “overweight” rating and set a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a research report on Saturday, October 14th.
Several institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of Fluor Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock valued at $605,000 after buying an additional 43 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Fluor Corporation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock valued at $475,000 after buying an additional 48 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Fluor Corporation by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock valued at $325,000 after buying an additional 50 shares in the last quarter. ING Groep NV raised its position in shares of Fluor Corporation by 0.8% during the 2nd quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock valued at $328,000 after buying an additional 55 shares in the last quarter. Finally, Sentry Investment Management LLC raised its position in shares of Fluor Corporation by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 7,973 shares of the construction company’s stock valued at $365,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 84.50% of the company’s stock.
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Fluor Corporation (FLR) traded up 1.20% during trading on Thursday, reaching $43.06. The company had a trading volume of 1,577,325 shares. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 53.76 and a beta of 1.40. Fluor Corporation has a one year low of $37.04 and a one year high of $58.37. The company has a 50-day moving average price of $41.27 and a 200 day moving average price of $44.47.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings data 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 net margin of 0.58% and a return on equity of 13.80%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts expect that Fluor Corporation will post $1.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is currently 106.33%.
Fluor Corporation 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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