Fluor Co. (NEW) (NYSE:FLR) had its target price raised by Canaccord Genuity from $32.00 to $35.00 in a research report report published on Wednesday, The Fly reports. Canaccord Genuity currently has a hold rating on the construction company’s stock.

FLR has been the topic of a number of other research reports. MKM Partners set a $39.00 price objective on shares of Fluor Co. (NEW) and gave the stock a hold rating in a report on Friday, April 5th. Macquarie set a $325.00 price objective on shares of Arista Networks and gave the stock a buy rating in a report on Friday, May 3rd. ValuEngine raised shares of WEX from a hold rating to a buy rating in a report on Thursday, June 13th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a report on Tuesday, May 7th. Finally, DA Davidson cut their price objective on shares of Sally Beauty to $16.50 and set a neutral rating on the stock in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $44.73.

Shares of NYSE:FLR opened at $32.88 on Wednesday. The company has a 50 day moving average price of $30.63. The firm has a market capitalization of $4.60 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.40 and a beta of 2.04. Fluor Co. has a fifty-two week low of $27.69 and a fifty-two week high of $60.60. The company has a current ratio of 1.49, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS. On average, research analysts predict that Fluor Co. will post 1.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.55%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 39.07%.

In other Fluor Co. (NEW) news, insider Alan L. Boeckmann bought 16,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $29.81 per share, for a total transaction of $476,960.00. Following the completion of the transaction, the insider now owns 17,250 shares in the company, valued at approximately $514,222.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carlos M. Hernandez bought 17,001 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $29.52 per share, for a total transaction of $501,869.52. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in FLR. Clearbridge Investments LLC grew its position in shares of Fluor Co. (NEW) by 23.0% during the first quarter. Clearbridge Investments LLC now owns 11,891,068 shares of the construction company’s stock worth $437,591,000 after acquiring an additional 2,222,261 shares during the last quarter. BlackRock Inc. grew its position in Fluor Co. (NEW) by 11.2% in the 1st quarter. BlackRock Inc. now owns 10,776,759 shares of the construction company’s stock valued at $396,583,000 after buying an additional 1,083,079 shares during the last quarter. Two Sigma Investments LP grew its position in Fluor Co. (NEW) by 316.0% in the 4th quarter. Two Sigma Investments LP now owns 977,876 shares of the construction company’s stock valued at $31,488,000 after buying an additional 742,827 shares during the last quarter. Fairview Capital Investment Management LLC grew its position in Fluor Co. (NEW) by 268.9% in the 1st quarter. Fairview Capital Investment Management LLC now owns 844,255 shares of the construction company’s stock valued at $31,068,000 after buying an additional 615,415 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Fluor Co. (NEW) by 133.0% in the 4th quarter. Two Sigma Advisers LP now owns 875,500 shares of the construction company’s stock valued at $28,191,000 after buying an additional 499,820 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

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