ValuEngine downgraded shares of Fluor Co. (NEW) (NYSE:FLR) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

A number of other analysts also recently commented on FLR. MKM Partners reiterated a hold rating and issued a $56.00 price objective on shares of Fluor Co. (NEW) in a research report on Thursday. UBS Group set a $69.00 price objective on Fluor Co. (NEW) and gave the stock a buy rating in a research report on Thursday. Bank of America set a $67.00 price objective on Fluor Co. (NEW) and gave the stock a buy rating in a research report on Thursday. Zacks Investment Research downgraded Fluor Co. (NEW) from a buy rating to a hold rating in a research report on Tuesday, July 10th. Finally, TheStreet upgraded Fluor Co. (NEW) from a c rating to a b- rating in a research report on Thursday, August 2nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $58.31.

FLR traded up $0.18 during midday trading on Friday, reaching $46.71. The company’s stock had a trading volume of 3,446,811 shares, compared to its average volume of 1,436,523. The firm has a market capitalization of $8.17 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Fluor Co. has a twelve month low of $42.27 and a twelve month high of $62.09.

Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, August 2nd. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.58 billion. Fluor Co. (NEW) had a return on equity of 11.63% and a net margin of 1.28%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. As a group, analysts anticipate that Fluor Co. will post 2.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 51.53%.

Several institutional investors have recently bought and sold shares of the stock. Meadow Creek Investment Management LLC increased its stake in shares of Fluor Co. (NEW) by 9.4% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,606 shares of the construction company’s stock valued at $615,000 after buying an additional 1,078 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in shares of Fluor Co. (NEW) by 10.6% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 11,710 shares of the construction company’s stock valued at $571,000 after buying an additional 1,119 shares during the period. Sentry Investment Management LLC increased its stake in shares of Fluor Co. (NEW) by 15.7% in the 2nd quarter. Sentry Investment Management LLC now owns 8,420 shares of the construction company’s stock valued at $411,000 after buying an additional 1,145 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Fluor Co. (NEW) by 4.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 28,273 shares of the construction company’s stock valued at $1,379,000 after buying an additional 1,150 shares during the period. Finally, Mission Wealth Management LP increased its stake in shares of Fluor Co. (NEW) by 30.8% in the 2nd quarter. Mission Wealth Management LP now owns 5,100 shares of the construction company’s stock valued at $249,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 88.48% of the company’s stock.

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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