Investors Sell Fluor Co. (NEW) (FLR) on Strength (FLR)

Investors sold shares of Fluor Co. (NEW) (NYSE:FLR) on strength during trading hours on Monday. $9.29 million flowed into the stock on the tick-up and $63.46 million flowed out of the stock on the tick-down, for a money net flow of $54.17 million out of the stock. Of all equities tracked, Fluor Co. (NEW) had the 29th highest net out-flow for the day. Fluor Co. (NEW) traded up $0.61 for the day and closed at $59.33

A number of research analysts recently weighed in on FLR shares. TheStreet upgraded shares of Fluor Co. (NEW) from a “c” rating to a “b-” rating in a research note on Thursday, August 2nd. Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. UBS Group upgraded shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and lifted their target price for the company from $48.00 to $69.00 in a research note on Monday, August 13th. ValuEngine upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, July 4th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $56.86.

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.45. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 4th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.42%. Fluor Co. (NEW)’s dividend payout ratio is currently 51.53%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA increased its holdings in Fluor Co. (NEW) by 5,010.0% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock valued at $100,000 after acquiring an additional 2,004 shares during the last quarter. Whittier Trust Co. increased its holdings in Fluor Co. (NEW) by 393.4% in the 2nd quarter. Whittier Trust Co. now owns 2,985 shares of the construction company’s stock valued at $230,000 after acquiring an additional 2,380 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Fluor Co. (NEW) in the 2nd quarter valued at $163,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Fluor Co. (NEW) by 133.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,380 shares of the construction company’s stock valued at $260,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in Fluor Co. (NEW) in the 2nd quarter valued at $180,000. Institutional investors own 88.48% of the company’s stock.

Fluor Co. (NEW) Company Profile (NYSE:FLR)

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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