Shares of Fluor Corp. (NYSE:FLR) have received a consensus rating of “Hold” from the twenty brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $52.69.

Several brokerages have commented on FLR. MKM Partners set a $52.00 price objective on shares of Fluor Corp. and gave the company a “hold” rating in a research note on Friday, August 5th. DA Davidson restated a “buy” rating on shares of Fluor Corp. in a research note on Tuesday, August 16th. Janney Montgomery Scott restated a “buy” rating on shares of Fluor Corp. in a research note on Tuesday, August 16th. Bank of America Corp. restated a “sell” rating and set a $50.00 price objective on shares of Fluor Corp. in a research note on Friday, August 5th. Finally, Credit Suisse Group AG set a $59.00 target price on shares of Fluor Corp. and gave the company a “buy” rating in a research note on Wednesday, August 31st.

Several large investors have recently made changes to their positions in FLR. Raymond James Trust N.A. raised its stake in shares of Fluor Corp. by 0.3% in the third quarter. Raymond James Trust N.A. now owns 4,322 shares of the company’s stock worth $221,000 after buying an additional 12 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Fluor Corp. by 0.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,059 shares of the company’s stock worth $544,000 after buying an additional 30 shares in the last quarter. IBM Retirement Fund raised its stake in shares of Fluor Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 14,083 shares of the company’s stock worth $694,000 after buying an additional 36 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Fluor Corp. by 1.7% in the second quarter. Wesbanco Bank Inc. now owns 4,712 shares of the company’s stock worth $232,000 after buying an additional 78 shares in the last quarter. Finally, Rothschild Investment Corp IL raised its stake in shares of Fluor Corp. by 1.7% in the third quarter. Rothschild Investment Corp IL now owns 4,883 shares of the company’s stock worth $251,000 after buying an additional 81 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Fluor Corp. (NYSE:FLR) traded down 0.22% during trading on Wednesday, reaching $50.42. 377,931 shares of the company traded hands. Fluor Corp. has a 52 week low of $39.48 and a 52 week high of $55.69. The company has a market capitalization of $7.02 billion, a P/E ratio of 22.06 and a beta of 1.74. The firm has a 50-day moving average price of $50.34 and a 200-day moving average price of $51.68.

Fluor Corp. (NYSE:FLR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.88 by $0.16. Fluor Corp. had a net margin of 1.81% and a return on equity of 15.45%. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Analysts forecast that Fluor Corp. will post $3.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 2nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 31st. Fluor Corp.’s dividend payout ratio is currently 37.00%.

Fluor Corp. Company Profile

Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.

5 Day Chart for NYSE:FLR

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