Shares of Fluor Co. (NEW) (NYSE:FLR) have received an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.73.
Several analysts have recently weighed in on FLR shares. UBS Group lifted their target price on Zayo Group from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Macquarie set a $325.00 target price on Arista Networks and gave the stock a “buy” rating in a research report on Friday, May 3rd. DA Davidson decreased their target price on Sally Beauty to $16.50 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Citigroup set a $47.00 target price on Quanta Services and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 620 ($8.10) target price on shares of in a research report on Wednesday.
In related news, insider Alan L. Boeckmann bought 16,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were bought at an average price of $29.81 per share, for a total transaction of $476,960.00. Following the completion of the purchase, the insider now directly owns 17,250 shares of the company’s stock, valued at $514,222.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Carlos M. Hernandez bought 17,001 shares of the business’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $29.52 per share, for a total transaction of $501,869.52. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of FLR. Benin Management CORP purchased a new stake in shares of Fluor Co. (NEW) during the first quarter worth about $202,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Fluor Co. (NEW) during the first quarter worth about $423,000. World Asset Management Inc grew its stake in shares of Fluor Co. (NEW) by 88.0% during the first quarter. World Asset Management Inc now owns 14,300 shares of the construction company’s stock worth $526,000 after acquiring an additional 6,692 shares during the last quarter. Advisor Partners LLC purchased a new stake in shares of Fluor Co. (NEW) during the first quarter worth about $251,000. Finally, Capital Investment Counsel Inc grew its stake in shares of Fluor Co. (NEW) by 6.6% during the first quarter. Capital Investment Counsel Inc now owns 10,135 shares of the construction company’s stock worth $373,000 after acquiring an additional 625 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.
Shares of NYSE:FLR traded up $0.96 on Friday, hitting $32.88. 871,961 shares of the company’s stock were exchanged, compared to its average volume of 1,555,819. Fluor Co. has a 12 month low of $27.69 and a 12 month high of $60.60. The company has a market capitalization of $4.60 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.40 and a beta of 2.04. The stock’s 50 day simple moving average is $30.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.04.
Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, research analysts anticipate that Fluor Co. will post 1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd were paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 31st. This represents a $0.84 annualized dividend and a dividend yield of 2.55%. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.
Fluor Co. (NEW) Company Profile
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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