Fluor (FLR) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of Fluor (NYSE:FLR) from a buy rating to a hold rating in a report released on Wednesday morning.

A number of other brokerages also recently issued reports on FLR. Zacks Investment Research downgraded shares of Fluor from a hold rating to a sell rating in a research report on Tuesday. TheStreet raised shares of Fluor from a c+ rating to a b rating in a research report on Thursday, December 21st. Barclays began coverage on shares of Fluor in a research report on Tuesday, December 12th. They set an equal weight rating and a $54.00 price objective on the stock. Canaccord Genuity reissued a buy rating and set a $54.00 price objective on shares of Fluor in a research report on Monday, November 6th. Finally, UBS Group boosted their price objective on shares of Fluor from $43.00 to $46.00 and gave the company a neutral rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $49.08.

Shares of Fluor (NYSE:FLR) traded up $0.16 during trading on Wednesday, reaching $53.26. 833,135 shares of the company’s stock were exchanged, compared to its average volume of 1,016,867. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock has a market cap of $7,450.00, a P/E ratio of 37.24, a P/E/G ratio of 2.51 and a beta of 1.46. Fluor has a fifty-two week low of $37.03 and a fifty-two week high of $58.37.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Monday, December 4th. Fluor’s dividend payout ratio is presently 58.74%.

In other news, CFO Bruce A. Stanski sold 2,792 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $48.48, for a total value of $135,356.16. Following the sale, the chief financial officer now directly owns 40,104 shares of the company’s stock, valued at approximately $1,944,241.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David Thomas Seaton sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $47.57, for a total transaction of $1,902,800.00. Following the completion of the sale, the chairman now directly owns 276,643 shares in the company, valued at $13,159,907.51. The disclosure for this sale can be found here. Insiders sold a total of 45,932 shares of company stock worth $2,191,092 over the last ninety days. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in FLR. Balentine LLC boosted its stake 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 in the last quarter. Captrust Financial Advisors bought a new position in Fluor in the 2nd quarter worth about $169,000. IFM Investors Pty Ltd bought a new position in Fluor in the 3rd quarter worth about $226,000. Investment Counselors of Maryland LLC boosted its stake in Fluor by 73.6% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock worth $241,000 after purchasing an additional 2,431 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Fluor in the 3rd quarter worth about $299,000. Institutional investors own 84.15% of the company’s stock.

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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.

Analyst Recommendations for Fluor (NYSE:FLR)

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