Traders Sell Shares of Fluor Corp. (FLR) on Strength (FLR)
Traders sold shares of Fluor Corp. (NYSE:FLR) on strength during trading on Wednesday. $8.98 million flowed into the stock on the tick-up and $22.90 million flowed out of the stock on the tick-down, for a money net flow of $13.92 million out of the stock. Of all companies tracked, Fluor Corp. had the 0th highest net out-flow for the day. Fluor Corp. traded up $0.23 for the day and closed at $51.89
A number of research firms recently weighed in on FLR. Zacks Investment Research cut Fluor Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 10th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Fluor Corp. in a report on Saturday, June 4th. Bank of America Corp. reaffirmed a “sell” rating on shares of Fluor Corp. in a report on Tuesday, May 24th. MKM Partners initiated coverage on Fluor Corp. in a report on Wednesday, June 29th. They set a “neutral” rating and a $52.00 target price for the company. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of Fluor Corp. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $53.20.
The firm has a market capitalization of $7.23 billion and a P/E ratio of 22.70. The firm has a 50-day moving average of $52.05 and a 200 day moving average of $51.07.
Fluor Corp. (NYSE:FLR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.16. The business earned $4.86 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Fluor Corp. will post $3.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.62%.
Several large investors recently bought and sold shares of the stock. Andra AP fonden increased its stake in Fluor Corp. by 13.3% in the fourth quarter. Andra AP fonden now owns 45,900 shares of the company’s stock worth $2,167,000 after buying an additional 5,400 shares during the last quarter. 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 worth $9,780,000 after buying an additional 1,222 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Fluor Corp. by 36.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,868,629 shares of the company’s stock worth $88,246,000 after buying an additional 499,876 shares during the last quarter.
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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