Fluor Corp. (NYSE:FLR) – William Blair raised their Q4 2016 earnings estimates for shares of Fluor Corp. in a research report issued to clients and investors on Tuesday. William Blair analyst C. Jacobson now forecasts that the firm will earn $0.75 per share for the quarter, up from their prior estimate of $0.72. William Blair has a “Market Perform” rating and a $48.00 price objective on the stock.

Several other analysts have also commented on the stock. MKM Partners set a $52.00 target price on shares of Fluor Corp. and gave the company a “hold” rating in a research note on Friday, August 5th. DA Davidson reissued a “buy” rating on shares of Fluor Corp. in a research note on Tuesday, August 16th. Janney Montgomery Scott reissued a “buy” rating on shares of Fluor Corp. in a research note on Tuesday, August 16th. Bank of America Corp. reissued a “sell” rating and set a $50.00 target price 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.64.

Earnings History and Estimates for Fluor Corp. (NYSE:FLR)

Shares of Fluor Corp. (NYSE:FLR) opened at 50.40 on Thursday. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 44.60 and a beta of 1.61. The firm’s 50-day moving average price is $49.98 and its 200 day moving average price is $51.33. Fluor Corp. has a 1-year low of $39.48 and a 1-year high of $55.69.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.67%. Fluor Corp.’s dividend payout ratio (DPR) is 74.34%.

Several hedge funds and other institutional investors have recently made changes to their positions in FLR. Vanguard Group Inc. raised its position in shares of Fluor Corp. by 1.1% in the second quarter. Vanguard Group Inc. now owns 12,233,555 shares of the company’s stock valued at $602,870,000 after buying an additional 134,400 shares during the period. Allianz Asset Management AG raised its position in shares of Fluor Corp. by 428.9% in the second quarter. Allianz Asset Management AG now owns 5,320,525 shares of the company’s stock valued at $262,195,000 after buying an additional 4,314,501 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Fluor Corp. by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,769,627 shares of the company’s stock valued at $193,457,000 after buying an additional 38,477 shares during the period. BlackRock Fund Advisors raised its position in shares of Fluor Corp. by 4.2% in the third quarter. BlackRock Fund Advisors now owns 2,309,366 shares of the company’s stock valued at $118,517,000 after buying an additional 92,545 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Fluor Corp. by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,126,059 shares of the company’s stock valued at $104,761,000 after buying an additional 39,519 shares during the period. Institutional investors own 84.29% of the company’s stock.

About Fluor Corp.

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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