Robert W. Baird reiterated their hold rating on shares of Fluor Corporation (NYSE:FLR) in a report released on Tuesday. Robert W. Baird currently has a $40.00 target price on the construction company’s stock.

A number of other equities analysts have also commented on the company. Johnson Rice lowered Fluor Corporation from a buy rating to an accumulate rating and dropped their price objective for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. Canaccord Genuity set a $48.00 price objective on Fluor Corporation and gave the stock a buy rating in a research note on Sunday, August 6th. DA Davidson lowered Fluor Corporation from a buy rating to a neutral rating and dropped their price objective for the stock from $55.00 to $48.00 in a research note on Friday, August 4th. Deutsche Bank AG lowered Fluor Corporation from a buy rating to a hold rating and dropped their price objective for the stock from $55.00 to $40.00 in a research note on Friday, August 4th. Finally, BidaskClub lowered Fluor Corporation from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $49.18.

Shares of Fluor Corporation (FLR) opened at 38.96 on Tuesday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 48.64 and a beta of 1.41. The firm’s 50-day moving average price is $40.39 and its 200-day moving average price is $47.09. Fluor Corporation has a 52 week low of $37.04 and a 52 week high of $58.37.

Fluor Corporation (NYSE:FLR) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.13. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Equities research analysts expect that Fluor Corporation will post $1.50 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, August 31st. Fluor Corporation’s payout ratio is 106.33%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLR. State of Alaska Department of Revenue acquired a new stake in Fluor Corporation during the first quarter valued at approximately $194,000. Strs Ohio boosted its holdings in Fluor Corporation by 1.5% during the first quarter. Strs Ohio now owns 11,100 shares of the construction company’s stock valued at $584,000 after purchasing an additional 166 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Fluor Corporation by 268.8% during the first quarter. Russell Investments Group Ltd. now owns 228,013 shares of the construction company’s stock valued at $11,999,000 after purchasing an additional 166,189 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Fluor Corporation by 2.5% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,307 shares of the construction company’s stock valued at $594,000 after purchasing an additional 280 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Fluor Corporation by 0.5% during the first quarter. Wells Fargo & Company MN now owns 1,076,756 shares of the construction company’s stock valued at $56,658,000 after purchasing an additional 5,141 shares in the last quarter. 84.53% of the stock is currently owned by 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.

Analyst Recommendations for Fluor Corporation (NYSE:FLR)

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