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.
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.
WARNING: “Fluor (FLR) Downgraded to “Hold” at ValuEngine” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3126081/fluor-flr-downgraded-to-hold-at-valuengine.html.
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.
Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.