Fluor (NYSE:FLR) Rating Lowered to Hold at ValuEngine

Fluor (NYSE:FLR) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, January 3rd.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Fluor from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. TheStreet upgraded shares of Fluor from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Barclays initiated coverage on shares of Fluor in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $54.00 price target for the company. Canaccord Genuity reiterated a “buy” rating and issued a $54.00 price target on shares of Fluor in a research report on Monday, November 6th. Finally, UBS Group boosted their price objective on shares of Fluor from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Fluor presently has a consensus rating of “Hold” and an average price target of $49.08.

Shares of Fluor (NYSE:FLR) opened at $57.07 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. The firm has a market cap of $7,854.00, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.47. Fluor has a 12-month low of $37.04 and a 12-month high of $58.37.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. Fluor had a net margin of 1.03% and a return on equity of 11.69%. The firm had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the previous year, the business posted $0.03 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts anticipate that Fluor will post 1.56 EPS for the current year.

In other Fluor news, insider Jose Luis M. Bustamante sold 2,750 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $48.63, for a total value of $133,732.50. Following the completion of the sale, the insider now owns 38,757 shares of the company’s stock, valued at $1,884,752.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce A. Stanski sold 2,792 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $48.48, for a total transaction of $135,356.16. Following the completion of the sale, the chief financial officer now directly owns 40,104 shares of the company’s stock, valued at approximately $1,944,241.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,932 shares of company stock worth $2,191,092. Insiders own 1.30% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Balentine LLC grew its position in shares of Fluor by 99.1% during the third quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after buying an additional 1,393 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Fluor during the second quarter worth approximately $169,000. IFM Investors Pty Ltd acquired a new stake in shares of Fluor during the third quarter worth approximately $226,000. Investment Counselors of Maryland LLC grew its position in shares of Fluor by 73.6% during the third quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock worth $241,000 after buying an additional 2,431 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Fluor during the third quarter worth approximately $299,000. 84.15% of the stock is owned by institutional investors.

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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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