Fluor Corporation (NYSE:FLR) had its price objective reduced by Credit Suisse Group from $43.00 to $41.00 in a research note released on Friday. Credit Suisse Group currently has a neutral rating on the construction company’s stock.

Several other brokerages have also issued reports on FLR. BidaskClub lowered Fluor Corporation from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. DA Davidson lowered Fluor Corporation from a buy rating to a neutral rating and lowered their target price for the company from $55.00 to $48.00 in a research note on Friday, August 4th. Deutsche Bank AG lowered Fluor Corporation from a buy rating to a hold rating and lowered their target price for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Citigroup Inc. set a $53.00 target price on Fluor Corporation and gave the company a buy rating in a research note on Friday, October 27th. Finally, Stephens restated an overweight rating and issued a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a research note on Saturday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Fluor Corporation currently has a consensus rating of Hold and an average target price of $47.25.

Shares of Fluor Corporation (NYSE FLR) traded up $1.36 during trading on Friday, reaching $48.22. The company had a trading volume of 1,196,035 shares, compared to its average volume of 1,402,614. The firm has a market capitalization of $6,554.56, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 3.66 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 1.18.

Fluor Corporation (NYSE:FLR) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Fluor Corporation had a return on equity of 11.69% and a net margin of 1.03%. Fluor Corporation’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. equities analysts forecast that Fluor Corporation will post 1.55 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.74%. Fluor Corporation’s payout ratio is 58.74%.

Large investors have recently added to or reduced their stakes in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Fluor Corporation by 35.8% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock valued at $1,872,000 after purchasing an additional 10,782 shares during the period. BlueMountain Capital Management LLC raised its stake in shares of Fluor Corporation by 105.1% during the 2nd quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock valued at $2,130,000 after purchasing an additional 23,837 shares during the period. Wells Fargo & Company MN raised its stake in shares of Fluor Corporation by 14.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock valued at $56,466,000 after purchasing an additional 156,705 shares during the period. Legal & General Group Plc raised its stake in shares of Fluor Corporation by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock valued at $36,490,000 after purchasing an additional 7,877 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Fluor Corporation by 1,807.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock valued at $26,482,000 after purchasing an additional 509,200 shares during the period. Institutional investors own 84.06% of the company’s stock.

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.

Analyst Recommendations for Fluor Corporation (NYSE:FLR)

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