Shares of Fluor Co. (NEW) (NYSE:FLR) have received a consensus rating of “Hold” from the nineteen brokerages that are covering the company, MarketBeat reports. Thirteen equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $53.27.

A number of equities research analysts recently issued reports on the company. Vertical Research downgraded Fluor Co. (NEW) from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Friday, May 4th. TheStreet downgraded Fluor Co. (NEW) from a “b” rating to a “c” rating in a research report on Thursday, May 3rd. Barclays set a $60.00 price objective on Fluor Co. (NEW) and gave the stock a “hold” rating in a research report on Thursday, May 3rd. Citigroup set a $69.00 price objective on Fluor Co. (NEW) and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, Bank of America upgraded Fluor Co. (NEW) from an “underperform” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Wednesday, May 9th.

In other news, Director Peter J. Fluor purchased 50,000 shares of the stock in a transaction on Tuesday, May 8th. The shares were acquired at an average price of $44.54 per share, for a total transaction of $2,227,000.00. Following the completion of the transaction, the director now directly owns 141,120 shares of the company’s stock, valued at approximately $6,285,484.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in Fluor Co. (NEW) by 129.4% during the fourth quarter. Millennium Management LLC now owns 191,910 shares of the construction company’s stock valued at $9,912,000 after purchasing an additional 108,251 shares in the last quarter. TCW Group Inc. purchased a new stake in Fluor Co. (NEW) during the first quarter valued at about $27,666,000. Artisan Partners Limited Partnership raised its position in Fluor Co. (NEW) by 2.4% during the first quarter. Artisan Partners Limited Partnership now owns 5,329,940 shares of the construction company’s stock valued at $304,979,000 after purchasing an additional 123,529 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Fluor Co. (NEW) by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 918,825 shares of the construction company’s stock valued at $52,576,000 after purchasing an additional 41,660 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Fluor Co. (NEW) by 54.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,033 shares of the construction company’s stock valued at $932,000 after buying an additional 6,358 shares during the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Shares of FLR stock traded down $0.19 on Friday, reaching $50.40. The company’s stock had a trading volume of 1,032,053 shares, compared to its average volume of 1,481,287. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.40. Fluor Co. has a 12-month low of $37.03 and a 12-month high of $62.09. The company has a market capitalization of $7.09 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.25). Fluor Co. (NEW) had a return on equity of 11.08% and a net margin of 0.58%. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.69 billion. During the same quarter last year, the business posted $0.43 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. sell-side analysts forecast that Fluor Co. will post 2.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 3rd. Shareholders of record on Friday, June 1st were given a dividend of $0.21 per share. The ex-dividend date was Thursday, May 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. Fluor Co. (NEW)’s payout ratio is 51.53%.

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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