MKM Partners restated their neutral rating on shares of Fluor Co. (NEW) (NYSE:FLR) in a research report report published on Tuesday morning, The Fly reports. They currently have a $39.00 target price on the construction company’s stock.

Several other research analysts have also recently weighed in on the company. Goldman Sachs Group upgraded Fluor Co. (NEW) from a neutral rating to a buy rating and set a $59.00 price target for the company in a research report on Thursday, October 18th. Citigroup set a $66.00 price target on Fluor Co. (NEW) and gave the company a buy rating in a research report on Thursday, October 11th. ValuEngine cut Fluor Co. (NEW) from a buy rating to a hold rating in a research report on Friday, October 12th. UBS Group set a $69.00 price target on Fluor Co. (NEW) and gave the company a buy rating in a research report on Thursday, October 11th. Finally, Bank of America set a $67.00 price target on Fluor Co. (NEW) and gave the company a buy rating in a research report on Thursday, October 11th. Two investment 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 company presently has a consensus rating of Hold and a consensus price target of $56.57.

Shares of Fluor Co. (NEW) stock traded up $0.49 on Tuesday, reaching $36.61. 82,403 shares of the stock were exchanged, compared to its average volume of 1,895,008. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.52. Fluor Co. has a twelve month low of $29.78 and a twelve month high of $62.09. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 0.28 and a beta of 1.70.

Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings results on Thursday, November 1st. The construction company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Fluor Co. (NEW) had a net margin of 1.21% and a return on equity of 11.31%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. Research analysts anticipate that Fluor Co. will post 2.54 EPS for the current fiscal year.

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

In other news, Chairman David Thomas Seaton purchased 5,158 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased 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 owns 301,400 shares of the company’s stock, valued at $14,623,928. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Fluor Co. (NEW) in the 3rd quarter valued at $1,755,000. Fox Run Management L.L.C. acquired a new position in shares of Fluor Co. (NEW) in the 3rd quarter valued at $933,000. Kentucky Retirement Systems acquired a new position in shares of Fluor Co. (NEW) in the 3rd quarter valued at $1,083,000. Standard Life Aberdeen plc lifted its stake in shares of Fluor Co. (NEW) by 9.1% in the 3rd quarter. Standard Life Aberdeen plc now owns 70,137 shares of the construction company’s stock valued at $4,075,000 after purchasing an additional 5,823 shares during the last quarter. Finally, Korea Investment CORP acquired a new position in shares of Fluor Co. (NEW) in the 3rd quarter valued at $447,000. 87.96% of the stock is currently owned by institutional investors.

About Fluor Co. (NEW)

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

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