Several other equities analysts have also recently commented on the company. Stephens reiterated an overweight rating and set a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a research note on Saturday, October 14th. Seaport Global Securities reiterated a neutral rating and set a $44.00 target price (down from $50.00) on shares of Fluor Corporation in a research note on Wednesday, October 11th. KeyCorp reiterated a buy rating and set a $50.00 target price on shares of Fluor Corporation in a research note on Friday, September 22nd. Robert W. Baird reiterated a hold rating and set a $40.00 target price on shares of Fluor Corporation in a research note on Tuesday, September 5th. Finally, Johnson Rice cut Fluor Corporation from a buy rating to an accumulate rating and reduced their target price for the company from $62.00 to $48.00 in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Fluor Corporation currently has an average rating of Hold and a consensus price target of $47.17.
Fluor Corporation (NYSE FLR) traded up 0.42% during mid-day trading on Friday, reaching $42.92. 351,111 shares of the company’s stock were exchanged. The company has a market capitalization of $6.00 billion, a P/E ratio of 53.58 and a beta of 1.40. The company’s 50 day moving average price is $41.88 and its 200-day moving average price is $44.07. Fluor Corporation has a 52 week low of $37.04 and a 52 week high of $58.37.
Fluor Corporation (NYSE:FLR) last released its earnings results on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.13. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. On average, equities research analysts expect that Fluor Corporation will post $1.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, August 31st. Fluor Corporation’s dividend payout ratio is currently 106.33%.
A number of hedge funds and other institutional investors have recently modified their holdings of FLR. Principal Financial Group Inc. increased its position in Fluor Corporation by 1.3% in the first quarter. Principal Financial Group Inc. now owns 211,245 shares of the construction company’s stock worth $11,115,000 after buying an additional 2,793 shares during the period. Wellington Management Group LLP acquired a new stake in Fluor Corporation in the first quarter worth $1,648,000. Teachers Advisors LLC increased its position in Fluor Corporation by 26.4% in the first quarter. Teachers Advisors LLC now owns 482,430 shares of the construction company’s stock worth $25,385,000 after buying an additional 100,713 shares during the period. Thrivent Financial For Lutherans increased its position in Fluor Corporation by 6.7% in the first quarter. Thrivent Financial For Lutherans now owns 5,130 shares of the construction company’s stock worth $270,000 after buying an additional 320 shares during the period. Finally, Amalgamated Bank increased its position in Fluor Corporation by 6.1% in the first quarter. Amalgamated Bank now owns 9,780 shares of the construction company’s stock worth $515,000 after buying an additional 563 shares during the period. 84.41% of the stock is currently owned by hedge funds and other institutional investors.
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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