Fluor Corporation (FLR) Receives Consensus Rating of “Hold” from Analysts
Fluor Corporation (NYSE:FLR) has earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $48.00.
Several brokerages recently commented on FLR. Zacks Investment Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 7th. UBS lifted their target price on shares of Fluor from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. KeyCorp reiterated a “buy” rating and issued a $50.00 target price on shares of Fluor in a report on Friday, September 22nd. Robert W. Baird reiterated a “hold” rating and issued a $40.00 target price on shares of Fluor in a report on Tuesday, September 5th. Finally, Citigroup set a $53.00 target price on shares of Fluor and gave the stock a “buy” rating in a report on Friday, October 27th.
In other news, CFO Bruce A. Stanski sold 2,792 shares of Fluor stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $48.48, for a total transaction of $135,356.16. Following the sale, the chief financial officer now directly owns 40,104 shares in the company, valued at approximately $1,944,241.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jose Luis M. Bustamante sold 2,750 shares of Fluor stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.63, for a total transaction of $133,732.50. Following the sale, the insider now owns 38,757 shares in the company, valued at $1,884,752.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,932 shares of company stock worth $2,191,092. Insiders own 1.30% of the company’s stock.
Several institutional investors have recently modified their holdings of FLR. CI Global Investments Inc. boosted its position in shares of Fluor by 66.8% during the 2nd quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock valued at $216,165,000 after acquiring an additional 1,890,300 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Fluor by 53.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 4,000,036 shares of the construction company’s stock valued at $168,402,000 after acquiring an additional 1,399,145 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Fluor during the 3rd quarter valued at about $57,365,000. Becker Capital Management Inc. acquired a new stake in shares of Fluor during the 3rd quarter valued at about $26,858,000. Finally, Janus Henderson Group PLC boosted its position in shares of Fluor by 4,064.5% during the 2nd quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock valued at $26,460,000 after acquiring an additional 564,113 shares in the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.
Shares of Fluor (NYSE FLR) traded down $0.40 on Friday, reaching $50.03. 1,095,613 shares of the company traded hands, compared to its average volume of 1,415,647. The company has a market cap of $7,011.95, a P/E ratio of 18.03, a PEG ratio of 3.49 and a beta of 1.46. Fluor has a 12-month low of $37.03 and a 12-month high of $58.37. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.
Fluor (NYSE:FLR) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fluor had a net margin of 2.28% and a return on equity of 11.73%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. equities research analysts forecast that Fluor will post 1.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, December 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. Fluor’s payout ratio is 58.74%.
Fluor 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.
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