Fluor Corp. (NYSE:FLR) shares gapped up prior to trading on Wednesday . The stock had previously closed at $53.50, but opened at $53.53. Fluor Corp. shares last traded at $53.93, with a volume of 443,183 shares.

FLR has been the topic of several analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $56.00 target price (up from $52.00) on shares of Fluor Corp. in a research note on Wednesday, April 6th. Seaport Global Securities reissued an “accumulate” rating on shares of Fluor Corp. in a research report on Monday, April 11th. Robert W. Baird reissued a “hold” rating on shares of Fluor Corp. in a research report on Monday, April 18th. Zacks Investment Research raised shares of Fluor Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, Canaccord Genuity downgraded shares of Fluor Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $53.20.

The stock has a 50-day moving average price of $51.40 and a 200 day moving average price of $50.05. The stock has a market cap of $7.51 billion and a P/E ratio of 20.91.

Fluor Corp. (NYSE:FLR) last released its earnings results on Thursday, May 5th. The company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.44 billion. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. On average, equities analysts expect that Fluor Corp. will post $3.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Thursday, June 2nd were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.56%.

Other hedge funds have added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK increased its stake in Fluor Corp. by 81.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 77,191 shares of the company’s stock valued at $3,501,000 after buying an additional 34,578 shares during the period. OppenheimerFunds Inc. acquired a new stake in Fluor Corp. during the fourth quarter valued at $1,138,000. KBC Group NV increased its stake in Fluor Corp. by 0.6% in the fourth quarter. KBC Group NV now owns 207,105 shares of the company’s stock valued at $9,780,000 after buying an additional 1,222 shares during the period. New York State Common Retirement Fund increased its stake in Fluor Corp. by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 346,700 shares of the company’s stock valued at $16,371,000 after buying an additional 10,500 shares during the period. Finally, TD Asset Management Inc. increased its stake in Fluor Corp. by 1.2% in the fourth quarter. TD Asset Management Inc. now owns 65,973 shares of the company’s stock valued at $3,115,000 after buying an additional 800 shares during the period.

Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.

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