Fluor Co. (FLR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Fluor Co. (NYSE:FLR) have received an average rating of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $58.00.

A number of equities research analysts have recently commented on FLR shares. Barclays increased their price objective on Fluor from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Credit Suisse Group upgraded Fluor from a “neutral” rating to an “outperform” rating and set a $71.00 price objective for the company in a research report on Thursday, January 18th. Robert W. Baird upgraded Fluor from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $61.00 in a research report on Wednesday, January 3rd. ValuEngine downgraded Fluor from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded Fluor from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.

FLR stock traded up $0.25 on Friday, reaching $56.15. The company’s stock had a trading volume of 189,915 shares, compared to its average volume of 1,433,833. The firm has a market capitalization of $8,156.60, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 1.07 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.16. Fluor has a 12-month low of $37.03 and a 12-month high of $62.09.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.91 billion. Fluor had a return on equity of 10.95% and a net margin of 0.98%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. research analysts predict that Fluor will post 3.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 1st will be issued a $0.21 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. Fluor’s payout ratio is currently 61.76%.

In other news, insider Robin K. Chopra sold 3,889 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $57.69, for a total value of $224,356.41. Following the transaction, the insider now directly owns 14,743 shares of the company’s stock, valued at $850,523.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David Thomas Seaton sold 50,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $56.72, for a total transaction of $2,836,000.00. Following the completion of the transaction, the chairman now directly owns 302,312 shares in the company, valued at $17,147,136.64. The disclosure for this sale can be found here. Insiders sold 121,218 shares of company stock worth $6,953,603 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its position in Fluor by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 26,216 shares of the construction company’s stock worth $1,354,000 after buying an additional 891 shares during the last quarter. Bank of Hawaii increased its position in Fluor by 12.1% during the fourth quarter. Bank of Hawaii now owns 9,071 shares of the construction company’s stock worth $469,000 after buying an additional 981 shares during the last quarter. Scotia Capital Inc. increased its position in Fluor by 3.4% during the fourth quarter. Scotia Capital Inc. now owns 34,207 shares of the construction company’s stock worth $1,767,000 after buying an additional 1,115 shares during the last quarter. Advisor Group Inc. increased its position in Fluor by 10.0% during the third quarter. Advisor Group Inc. now owns 12,364 shares of the construction company’s stock worth $520,000 after buying an additional 1,123 shares during the last quarter. Finally, Aperio Group LLC increased its position in Fluor by 2.7% during the fourth quarter. Aperio Group LLC now owns 45,358 shares of the construction company’s stock worth $2,343,000 after buying an additional 1,186 shares during the last quarter. 87.05% of the stock is currently owned by institutional investors and hedge funds.

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About Fluor

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. It operates through four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Diversified Services; and Government.

Analyst Recommendations for Fluor (NYSE:FLR)

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