Fluor Corp. (FLR) to Issue Quarterly Dividend of $0.21 on January 4th
Fluor Corp. (NYSE:FLR) announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Friday, December 2nd will be paid a dividend of 0.21 per share on Wednesday, January 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, November 30th.
Shares of Fluor Corp. (NYSE:FLR) opened at 54.22 on Friday. The firm has a 50 day moving average price of $50.37 and a 200-day moving average price of $51.14. Fluor Corp. has a 12 month low of $39.48 and a 12 month high of $55.69. The firm has a market cap of $7.55 billion, a PE ratio of 47.98 and a beta of 1.61.
A number of large investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Fluor Corp. during the second quarter valued at about $128,000. BlueMountain Capital Management LLC increased its stake in shares of Fluor Corp. by 73.7% in the second quarter. BlueMountain Capital Management LLC now owns 4,001 shares of the company’s stock valued at $197,000 after buying an additional 1,698 shares during the period. Profund Advisors LLC purchased a new stake in shares of Fluor Corp. during the second quarter valued at about $203,000. Marshall Wace LLP purchased a new stake in shares of Fluor Corp. during the second quarter valued at about $207,000. Finally, Seven Eight Capital LLC purchased a new stake in shares of Fluor Corp. during the second quarter valued at about $229,000. Institutional investors and hedge funds own 83.86% of the company’s stock.
A number of analysts recently commented on FLR shares. Zacks Investment Research upgraded shares of Fluor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Bank of America Corp. restated a “sell” rating and issued a $50.00 price objective on shares of Fluor Corp. in a research report on Friday, August 5th. Johnson Rice cut shares of Fluor Corp. from an “accumulate” rating to a “hold” rating in a research report on Friday, November 4th. William Blair cut shares of Fluor Corp. from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $58.00 to $48.00 in a research report on Friday, November 4th. Finally, Macquarie cut shares of Fluor Corp. from an “outperform” rating to a “neutral” rating in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.23.
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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.
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