Brokerages Set Fluor Co. (NEW) (FLR) Target Price at $45.70

Shares of Fluor Co. (NEW) (NYSE:FLR) have earned an average rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $45.70.

A number of analysts have commented on the company. UBS Group reduced their price target on Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Zacks Investment Research cut Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 7th. DA Davidson reduced their price target on Fluor Co. (NEW) to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Goldman Sachs Group cut Fluor Co. (NEW) from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $28.00 in a research report on Tuesday, May 7th. Finally, Citigroup reduced their price target on Fluor Co. (NEW) from $56.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 3rd.

FLR traded down $0.13 during midday trading on Friday, reaching $29.48. The company had a trading volume of 15,392 shares, compared to its average volume of 3,065,735. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.37 and a beta of 1.77. Fluor Co. has a 1 year low of $28.00 and a 1 year high of $60.60.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.68). The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Fluor Co. (NEW) had a return on equity of 8.90% and a net margin of 0.99%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. On average, equities analysts anticipate that Fluor Co. will post 1.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.

In other news, insider Alan L. Boeckmann purchased 16,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $29.81 per share, with a total value of $476,960.00. Following the completion of the purchase, the insider now owns 17,250 shares in the company, valued at $514,222.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carlos M. Hernandez purchased 17,001 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $29.52 per share, with a total value of $501,869.52. The disclosure for this purchase can be found here. Insiders have sold 13,570 shares of company stock valued at $506,670 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of Fluor Co. (NEW) by 2,214.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,326,643 shares of the construction company’s stock valued at $72,000 after purchasing an additional 2,226,117 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Fluor Co. (NEW) in the 1st quarter valued at approximately $62,928,000. Renaissance Technologies LLC bought a new stake in shares of Fluor Co. (NEW) in the 1st quarter valued at approximately $42,644,000. BlackRock Inc. lifted its stake in shares of Fluor Co. (NEW) by 11.2% in the 1st quarter. BlackRock Inc. now owns 10,776,759 shares of the construction company’s stock valued at $396,583,000 after purchasing an additional 1,083,079 shares during the last quarter. Finally, Sound Shore Management Inc. CT lifted its stake in shares of Fluor Co. (NEW) by 40.5% in the 4th quarter. Sound Shore Management Inc. CT now owns 3,153,230 shares of the construction company’s stock valued at $101,534,000 after purchasing an additional 908,546 shares during the last quarter. 84.87% of the stock is owned by institutional investors.

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

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