Fluor Corporation (NYSE:FLR) insider Mark A. Landry sold 390 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $49.24, for a total value of $19,203.60. Following the transaction, the insider now directly owns 9,084 shares in the company, valued at $447,296.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Fluor Corporation (NYSE:FLR) traded up $0.58 during mid-day trading on Friday, reaching $50.45. The company’s stock had a trading volume of 1,914,778 shares, compared to its average volume of 1,226,771. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. Fluor Corporation has a 12 month low of $37.03 and a 12 month high of $58.37. The firm has a market cap of $6,975.58, a price-to-earnings ratio of 17.94, a P/E/G ratio of 3.48 and a beta of 1.46.

Fluor (NYSE:FLR) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. Fluor had a return on equity of 11.69% and a net margin of 1.03%. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the firm posted $0.03 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts forecast that Fluor Corporation will post 1.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Monday, December 4th. Fluor’s payout ratio is currently 58.74%.

Several research analysts recently weighed in on the company. Barclays assumed coverage on Fluor in a research report on Tuesday. They set an “equal weight” rating and a $54.00 price target on the stock. Zacks Investment Research raised Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Canaccord Genuity reissued a “buy” rating and set a $54.00 price target on shares of Fluor in a research report on Monday, November 6th. UBS upped their price target on Fluor from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Robert W. Baird upped their price target on Fluor from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Fluor has a consensus rating of “Hold” and an average price target of $48.00.

A number of hedge funds have recently modified their holdings of FLR. Balentine LLC increased its position in Fluor by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after purchasing an additional 1,393 shares during the last quarter. Smithfield Trust Co. increased its position in Fluor by 393.3% in the 2nd quarter. Smithfield Trust Co. now owns 3,700 shares of the construction company’s stock worth $169,000 after purchasing an additional 2,950 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Fluor during the 2nd quarter worth about $169,000. Greenwood Capital Associates LLC boosted its stake in shares of Fluor by 10.5% during the 2nd quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock worth $207,000 after acquiring an additional 430 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in shares of Fluor during the 3rd quarter worth about $226,000. 84.30% of the stock is currently owned by institutional investors.

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About Fluor

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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