Fluor Co. (NEW) (FLR) Getting Somewhat Favorable News Coverage, Analysis Finds
Media headlines about Fluor Co. (NEW) (NYSE:FLR) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fluor Co. (NEW) earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.4285927967256 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Wired News – Fluor Announces Contract from Shell; Set to Redevelop Penguins Field in UK North Sea (finance.yahoo.com)
- Fluor Clinches Shell Penguins Offshore Project in North Sea (zacks.com)
- Fluor Co. (NEW) (FLR) PT Set at $56.00 by MKM Partners (americanbankingnews.com)
- Fluor Awarded Contract for Shell Penguins Offshore UK Project in North Sea (finance.yahoo.com)
- More than $20,000 to be donated to United Fund of Jackson County (timesjournal.com)
Shares of Fluor Co. (NYSE FLR) traded up $1.93 during midday trading on Thursday, reaching $60.06. The company’s stock had a trading volume of 2,508,134 shares, compared to its average volume of 1,415,400. 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 capitalization of $8,400.00, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 2.79 and a beta of 1.46. Fluor Co. has a 12-month low of $37.03 and a 12-month high of $60.50.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, December 4th. Fluor Co. (NEW)’s dividend payout ratio is currently 58.74%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Fluor Co. (NEW) from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. KeyCorp reissued a “buy” rating and set a $50.00 target price on shares of Fluor Co. (NEW) in a research note on Friday, September 22nd. UBS Group boosted their target price on Fluor Co. (NEW) from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. MKM Partners set a $56.00 target price on Fluor Co. (NEW) and gave the stock a “hold” rating in a research note on Wednesday. Finally, Citigroup set a $53.00 target price on Fluor Co. (NEW) and gave the stock a “buy” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Fluor Co. (NEW) currently has an average rating of “Hold” and a consensus price target of $51.92.
In other Fluor Co. (NEW) news, insider Jose Luis M. Bustamante sold 2,750 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the transaction, the insider now directly owns 38,757 shares in the company, valued at approximately $1,884,752.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bruce A. Stanski sold 2,792 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $48.48, for a total value of $135,356.16. Following the transaction, the chief financial officer now owns 40,104 shares in the company, valued at $1,944,241.92. The disclosure for this sale can be found here. Insiders sold 45,932 shares of company stock valued at $2,191,092 in the last ninety days. 1.30% of the stock is currently owned by insiders.
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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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