Fluor Co. (NEW)’s (FLR) Neutral Rating Reaffirmed at MKM Partners

MKM Partners reiterated their neutral rating on shares of Fluor Co. (NEW) (NYSE:FLR) in a report released on Tuesday, The Fly reports. The firm currently has a $39.00 price target on the construction company’s stock.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a hold rating to a sell rating in a research note on Thursday, January 3rd. Goldman Sachs Group downgraded shares of Fluor Co. (NEW) from a conviction-buy rating to a buy rating and decreased their target price for the stock from $59.00 to $44.00 in a research note on Wednesday, December 12th. ValuEngine downgraded shares of Fluor Co. (NEW) from a hold rating to a sell rating in a research note on Friday, November 23rd. Deutsche Bank cut their price target on shares of Fluor Co. (NEW) from $54.00 to $49.00 and set a hold rating for the company in a report on Tuesday, November 20th. Finally, Barclays set a $55.00 price target on shares of Fluor Co. (NEW) and gave the stock a hold rating in a report on Saturday, November 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $56.57.

NYSE FLR traded up $0.49 during trading hours on Tuesday, hitting $36.61. The company had a trading volume of 82,403 shares, compared to its average volume of 1,895,008. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.52 and a quick ratio of 1.12. Fluor Co. has a 1-year low of $29.78 and a 1-year high of $62.09. The company has a market capitalization of $5.04 billion, a PE ratio of 22.27, a P/E/G ratio of 0.28 and a beta of 1.70.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings data on Thursday, November 1st. The construction company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a net margin of 1.21% and a return on equity of 11.31%. The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The business’s revenue was down 5.7% on a year-over-year basis. On average, research analysts expect that Fluor Co. will post 2.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 4th were given a $0.21 dividend. The ex-dividend date was Monday, December 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.29%. Fluor Co. (NEW)’s dividend payout ratio is presently 51.53%.

In other Fluor Co. (NEW) news, Chairman David Thomas Seaton purchased 5,158 shares of the stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average cost of $48.52 per share, for a total transaction of $250,266.16. Following the completion of the transaction, the chairman now directly owns 301,400 shares of the company’s stock, valued at $14,623,928. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank grew its position in shares of Fluor Co. (NEW) by 8.2% in the fourth quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock valued at $127,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Fluor Co. (NEW) by 28.4% in the fourth quarter. State of Alaska Department of Revenue now owns 35,915 shares of the construction company’s stock valued at $1,155,000 after purchasing an additional 7,939 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Fluor Co. (NEW) during the fourth quarter worth approximately $255,000. Retirement Systems of Alabama boosted its position in Fluor Co. (NEW) by 10.2% during the fourth quarter. Retirement Systems of Alabama now owns 188,949 shares of the construction company’s stock worth $6,084,000 after acquiring an additional 17,508 shares during the last quarter. Finally, Vanguard Group Inc boosted its position in Fluor Co. (NEW) by 1.2% during the third quarter. Vanguard Group Inc now owns 14,347,886 shares of the construction company’s stock worth $833,612,000 after acquiring an additional 175,647 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Fluor Co. (NEW) Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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The Fly

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

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