Fluor Corporation (FLR) Receives $52.11 Consensus Target Price from Analysts

Fluor Corporation (NYSE:FLR) has been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $49.50.

Several brokerages have issued reports on FLR. BidaskClub raised Fluor Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Credit Suisse Group set a $59.00 price objective on Fluor Corporation and gave the stock a “hold” rating in a report on Saturday, April 22nd. Johnson Rice lowered Fluor Corporation from a “buy” rating to an “accumulate” rating and set a $48.00 price objective on the stock. in a report on Monday. DA Davidson raised Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, June 1st. Finally, Zacks Investment Research raised Fluor Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Monday, May 1st.

Several large investors have recently made changes to their positions in FLR. Cambridge Investment Research Advisors Inc. increased its stake in shares of Fluor Corporation by 10.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,796 shares of the construction company’s stock valued at $1,181,000 after buying an additional 2,381 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Fluor Corporation by 2.1% in the second quarter. Neuberger Berman Group LLC now owns 30,367 shares of the construction company’s stock worth $1,390,000 after buying an additional 625 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Fluor Corporation by 13.7% in the second quarter. Pacer Advisors Inc. now owns 23,793 shares of the construction company’s stock worth $1,089,000 after buying an additional 2,873 shares during the last quarter. Utah Retirement Systems increased its stake in shares of Fluor Corporation by 0.8% in the second quarter. Utah Retirement Systems now owns 25,586 shares of the construction company’s stock worth $1,171,000 after buying an additional 200 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Fluor Corporation by 1.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 285,973 shares of the construction company’s stock worth $13,092,000 after buying an additional 3,527 shares during the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

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Fluor Corporation (NYSE:FLR) traded up 1.00% during mid-day trading on Friday, hitting $39.57. The stock had a trading volume of 1,143,090 shares. The stock has a market cap of $5.53 billion, a P/E ratio of 23.41 and a beta of 1.39. The firm has a 50-day moving average of $45.12 and a 200-day moving average of $50.11. Fluor Corporation has a 52-week low of $39.07 and a 52-week high of $58.37.

Fluor Corporation (NYSE:FLR) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.13. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. On average, analysts forecast that Fluor Corporation will post $1.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 2.14%. Fluor Corporation’s dividend payout ratio (DPR) is 106.33%.

About Fluor Corporation

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.

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