Shares of Fluor Co. (NEW) (NYSE:FLR) traded down 6.3% on Wednesday . The stock traded as low as $38.39 and last traded at $38.76. 2,087,783 shares were traded during mid-day trading, an increase of 6% from the average session volume of 1,963,923 shares. The stock had previously closed at $41.36.

Several analysts recently weighed in on the stock. Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 17th. MKM Partners set a $56.00 target price on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a report on Wednesday, September 19th. TheStreet downgraded shares of Fluor Co. (NEW) from a “b-” rating to a “c” rating in a report on Thursday, November 1st. ValuEngine downgraded shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, UBS Group upgraded shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and lifted their target price for the company from $48.00 to $69.00 in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.36.

The company has a market capitalization of $5.76 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 0.39 and a beta of 1.64. The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, November 1st. The construction company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.66 billion. Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. Research analysts forecast that Fluor Co. will post 2.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.17%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 51.53%.

In other Fluor Co. (NEW) news, Chairman David Thomas Seaton purchased 5,158 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average price of $48.52 per share, for a total transaction of $250,266.16. Following the completion of the purchase, the chairman now directly owns 301,400 shares in the company, valued at approximately $14,623,928. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. Huber Capital Management LLC lifted its position in shares of Fluor Co. (NEW) by 1.7% during the 2nd quarter. Huber Capital Management LLC now owns 80,825 shares of the construction company’s stock worth $3,943,000 after purchasing an additional 1,323 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Fluor Co. (NEW) during the 3rd quarter worth $933,000. Fairfax Financial Holdings Ltd Can lifted its position in shares of Fluor Co. (NEW) by 16.7% during the 2nd quarter. Fairfax Financial Holdings Ltd Can now owns 35,000 shares of the construction company’s stock worth $1,707,000 after purchasing an additional 5,000 shares during the last quarter. Sentry Investment Management LLC lifted its position in shares of Fluor Co. (NEW) by 15.7% during the 2nd quarter. Sentry Investment Management LLC now owns 8,420 shares of the construction company’s stock worth $411,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Fluor Co. (NEW) by 62.3% during the 2nd quarter. Bank of America Corp DE now owns 2,256,406 shares of the construction company’s stock worth $110,066,000 after purchasing an additional 866,355 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

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

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

Further Reading: SEC Filing

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