Shares of Fluor Co. (NEW) (NYSE:FLR) traded down 5.2% during trading on Friday . The company traded as low as $35.57 and last traded at $35.59. 1,054,620 shares were traded during trading, a decline of 42% from the average session volume of 1,820,686 shares. The stock had previously closed at $37.54.

Several analysts have recently issued reports on the company. ValuEngine downgraded Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research report on Friday, November 23rd. Zacks Investment Research upgraded Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. MKM Partners restated a “neutral” rating and issued a $39.00 price objective on shares of Fluor Co. (NEW) in a research report on Tuesday, January 8th. Credit Suisse Group restated a “buy” rating and issued a $56.00 price objective on shares of Fluor Co. (NEW) in a research report on Monday, February 11th. Finally, Goldman Sachs Group downgraded Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the company from $59.00 to $44.00 in a research report on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $54.69.

The company has a quick ratio of 1.10, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. The stock has a market cap of $5.24 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.76.

Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, February 21st. The construction company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.16. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.86 billion. Fluor Co. (NEW) had a return on equity of 11.98% and a net margin of 1.17%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 earnings per share. Analysts forecast that Fluor Co. will post 2.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.84 annualized dividend and a yield of 2.36%. Fluor Co. (NEW)’s payout ratio is currently 39.07%.

In related news, insider Ray F. Barnard sold 3,318 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $37.04, for a total value of $122,898.72. Following the completion of the transaction, the insider now directly owns 75,739 shares in the company, valued at $2,805,372.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ray F. Barnard sold 7,515 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $37.57, for a total value of $282,338.55. Following the completion of the transaction, the insider now owns 86,572 shares of the company’s stock, valued at $3,252,510.04. The disclosure for this sale can be found here. Insiders sold 13,570 shares of company stock valued at $506,670 over the last quarter. Insiders own 1.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Fluor Co. (NEW) in the fourth quarter valued at $547,000. Calamos Advisors LLC acquired a new position in Fluor Co. (NEW) in the fourth quarter valued at $18,773,000. Dynamic Technology Lab Private Ltd acquired a new position in Fluor Co. (NEW) in the third quarter valued at $1,755,000. First Hawaiian Bank increased its stake in Fluor Co. (NEW) by 8.2% during the fourth quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock worth $127,000 after acquiring an additional 300 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its stake in Fluor Co. (NEW) by 9.1% during the third quarter. Standard Life Aberdeen plc now owns 70,137 shares of the construction company’s stock worth $4,075,000 after acquiring an additional 5,823 shares during the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.watchlistnews.com/fluor-co-new-flr-trading-down-5-2/2910707.html.

Fluor Co. (NEW) Company Profile (NYSE:FLR)

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.

See Also: Should You Consider an Index Fund?

Receive News & Ratings for Fluor Co. (NEW) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Co. (NEW) and related companies with MarketBeat.com's FREE daily email newsletter.