Fluor Co. (NEW) (NYSE:FLR) shares gapped down prior to trading on Thursday . The stock had previously closed at $39.99, but opened at $38.76. Fluor Co. (NEW) shares last traded at $37.34, with a volume of 3351233 shares changing hands.

Several research firms have issued reports on FLR. MKM Partners set a $56.00 price target on Fluor Co. (NEW) and gave the company a “hold” rating in a report on Wednesday, September 19th. UBS Group set a $69.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a report on Thursday, October 11th. Canaccord Genuity raised Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Bank of America set a $67.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a report on Thursday, October 11th. Finally, Citigroup set a $66.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Fluor Co. (NEW) has an average rating of “Hold” and an average price target of $58.36.

The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market cap of $5.45 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 0.37 and a beta of 1.64.

Fluor Co. (NEW) (NYSE:FLR) last announced its earnings results on Thursday, November 1st. The construction company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a net margin of 1.21% and a return on equity of 11.31%. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the firm earned $0.67 earnings per share. Fluor Co. (NEW)’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Fluor Co. will post 2.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, December 3rd. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 51.53%.

In other news, Chairman David Thomas Seaton bought 5,158 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average cost of $48.52 per share, with a total value of $250,266.16. Following the purchase, the chairman now directly owns 301,400 shares in the company, valued at $14,623,928. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of FLR. Huber Capital Management LLC boosted its holdings in Fluor Co. (NEW) by 1.7% during the second quarter. Huber Capital Management LLC now owns 80,825 shares of the construction company’s stock valued at $3,943,000 after acquiring an additional 1,323 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Fluor Co. (NEW) in the third quarter valued at about $933,000. Fairfax Financial Holdings Ltd Can lifted its stake in shares of Fluor Co. (NEW) by 16.7% in the second quarter. Fairfax Financial Holdings Ltd Can now owns 35,000 shares of the construction company’s stock valued at $1,707,000 after buying an additional 5,000 shares during the period. Sentry Investment Management LLC lifted its stake in shares of Fluor Co. (NEW) by 15.7% in the second quarter. Sentry Investment Management LLC now owns 8,420 shares of the construction company’s stock valued at $411,000 after buying an additional 1,145 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Fluor Co. (NEW) by 62.3% in the second quarter. Bank of America Corp DE now owns 2,256,406 shares of the construction company’s stock valued at $110,066,000 after buying an additional 866,355 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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About Fluor Co. (NEW) (NYSE:FLR)

Fluor Corp. is a holding company engages in engineering and technology. It operates through the following segments: Energy, Chemicals & Mining, Industrial, Infrastructure & Power, Government and Diversified Services. The Energy, Chemicals & Mining Segment focuses on opportunities in the upstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas, pipeline, metals and mining markets.

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