Fluor Co. (NEW) (FLR) Given Average Recommendation of “Hold” by Brokerages

Shares of Fluor Co. (NEW) (NYSE:FLR) have been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $45.70.

A number of equities research analysts have recently issued reports on FLR shares. Credit Suisse Group restated a “buy” rating and set a $56.00 price objective on shares of Fluor Co. (NEW) in a report on Monday, February 11th. ValuEngine cut Fluor Co. (NEW) from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. Zacks Investment Research upgraded Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. DA Davidson cut their price target on Fluor Co. (NEW) to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Finally, MKM Partners set a $39.00 price target on Fluor Co. (NEW) and gave the company a “hold” rating in a research note on Friday, April 5th.

Shares of NYSE:FLR traded up $0.09 during trading on Friday, reaching $29.59. 108,867 shares of the stock were exchanged, compared to its average volume of 2,931,390. Fluor Co. has a 12 month low of $28.00 and a 12 month high of $60.60. The stock has a market cap of $4.16 billion, a PE ratio of 13.80, a P/E/G ratio of 1.38 and a beta of 1.77. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.53.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.68). Fluor Co. (NEW) had a return on equity of 8.90% and a net margin of 0.99%. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue was down 13.1% on a year-over-year basis. Equities research analysts expect that Fluor Co. will post 1.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, May 31st. Fluor Co. (NEW)’s payout ratio is presently 39.07%.

In other Fluor Co. (NEW) news, CEO Carlos M. Hernandez bought 17,001 shares of the business’s stock in a transaction on Monday, May 13th. The stock was purchased at an average cost of $29.52 per share, for a total transaction of $501,869.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jose Luis M. Bustamante sold 2,737 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $37.06, for a total value of $101,433.22. Following the sale, the executive vice president now owns 73,409 shares of the company’s stock, valued at $2,720,537.54. The disclosure for this sale can be found here. Insiders have sold 13,570 shares of company stock valued at $506,670 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Several large investors have recently made changes to their positions in the company. First Hawaiian Bank increased its holdings in shares of Fluor Co. (NEW) by 8.2% during the fourth quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. First Manhattan Co. increased its holdings in shares of Fluor Co. (NEW) by 51.2% during the first quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock worth $33,000 after buying an additional 308 shares in the last quarter. Utah Retirement Systems increased its holdings in shares of Fluor Co. (NEW) by 1.4% during the first quarter. Utah Retirement Systems now owns 26,442 shares of the construction company’s stock worth $973,000 after buying an additional 356 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fluor Co. (NEW) by 34.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,498 shares of the construction company’s stock worth $55,000 after buying an additional 381 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Fluor Co. (NEW) by 3.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,289 shares of the construction company’s stock worth $452,000 after buying an additional 431 shares in the last quarter. Institutional investors own 84.87% of the company’s stock.

About Fluor Co. (NEW)

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

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Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

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