Fluor Corporation (NYSE:FLR) has earned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $47.45.
Several equities analysts recently weighed in on FLR shares. Canaccord Genuity set a $48.00 target price on shares of Fluor Corporation and gave the company a “buy” rating in a research note on Sunday, August 6th. Seaport Global Securities reaffirmed a “neutral” rating and set a $44.00 target price (down from $50.00) on shares of Fluor Corporation in a research note on Wednesday, October 11th. Deutsche Bank AG cut shares of Fluor Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Stephens reaffirmed an “overweight” rating and set a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a research note on Saturday, October 14th. Finally, Credit Suisse Group cut their target price on shares of Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd.
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A number of hedge funds have recently added to or reduced their stakes in the business. Coastline Trust Co lifted its position in Fluor Corporation by 63.2% during the third quarter. Coastline Trust Co now owns 11,960 shares of the construction company’s stock valued at $504,000 after purchasing an additional 4,630 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Fluor Corporation during the third quarter valued at $1,909,000. Robinson Value Management Ltd. lifted its position in Fluor Corporation by 324.4% during the third quarter. Robinson Value Management Ltd. now owns 70,156 shares of the construction company’s stock valued at $2,954,000 after purchasing an additional 53,627 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Fluor Corporation in the 3rd quarter worth about $226,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Fluor Corporation by 10.7% in the 3rd quarter. California Public Employees Retirement System now owns 367,424 shares of the construction company’s stock worth $15,469,000 after acquiring an additional 35,512 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
Shares of Fluor Corporation (NYSE:FLR) traded up $0.28 during midday trading on Monday, hitting $46.70. 1,323,760 shares of the stock were exchanged, compared to its average volume of 1,424,947. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6,500.00, a PE ratio of 16.42, a PEG ratio of 3.18 and a beta of 1.42. Fluor Corporation has a 1 year low of $37.03 and a 1 year high of $58.37.
Fluor Corporation (NYSE:FLR) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. The firm had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share. sell-side analysts expect that Fluor Corporation will post 1.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 4th. This represents a $0.84 annualized dividend and a yield of 1.80%. Fluor Corporation’s dividend payout ratio (DPR) is currently 58.74%.
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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