Fluor Co. (NEW) (NYSE:FLR) Cut to “Hold” at ValuEngine

Fluor Co. (NEW) (NYSE:FLR) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday, January 3rd.

Several other equities research analysts have also recently commented on FLR. TheStreet upgraded Fluor Co. (NEW) from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Stephens restated an “overweight” rating and issued a $50.00 target price (up previously from $44.00) on shares of Fluor Co. (NEW) in a research note on Saturday, October 14th. Barclays began coverage on Fluor Co. (NEW) in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $54.00 price target on the stock. Robert W. Baird boosted their price target on Fluor Co. (NEW) from $40.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of Fluor Co. (NEW) in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Fluor Co. (NEW) has an average rating of “Hold” and an average price target of $52.15.

Fluor Co. (FLR) traded up $0.31 during trading hours on Wednesday, hitting $61.53. The stock had a trading volume of 953,916 shares, compared to its average volume of 1,340,000. Fluor Co. has a fifty-two week low of $37.04 and a fifty-two week high of $62.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 1.18. The company has a market cap of $8,610.00, a PE ratio of 43.03, a PEG ratio of 2.92 and a beta of 1.46.

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

In other news, Chairman David Thomas Seaton sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $47.57, for a total transaction of $1,902,800.00. Following the completion of the sale, the chairman now directly owns 276,643 shares in the company, valued at approximately $13,159,907.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bruce A. Stanski sold 2,792 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $48.48, for a total value of $135,356.16. Following the sale, the chief financial officer now owns 40,104 shares of the company’s stock, valued at $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 valued at $2,191,092. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC lifted its position in shares of Fluor Co. (NEW) by 15.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 19,761 shares of the construction company’s stock worth $832,000 after buying an additional 2,592 shares during the last quarter. BlueMountain Capital Management LLC lifted its position in shares of Fluor Co. (NEW) by 105.1% during the 2nd quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock worth $2,130,000 after buying an additional 23,837 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Fluor Co. (NEW) by 14.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock worth $56,466,000 after buying an additional 156,705 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Fluor Co. (NEW) by 1.8% during the 3rd quarter. New York State Common Retirement Fund now owns 303,450 shares of the construction company’s stock worth $12,775,000 after buying an additional 5,500 shares during the last quarter. Finally, Becker Capital Management Inc. bought a new stake in shares of Fluor Co. (NEW) during the 3rd quarter worth $26,858,000. Institutional investors and hedge funds own 84.21% of the company’s stock.

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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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