Shares of Fluor Corp. (NYSE:FLR) have been assigned a consensus rating of “Hold” from the eighteen research firms that are covering the firm. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $49.92.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Fluor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Bank of America Corp. reiterated a “sell” rating and issued a $50.00 target price on shares of Fluor Corp. in a research report on Friday, August 5th. Johnson Rice downgraded Fluor Corp. from an “accumulate” rating to a “hold” rating in a research report on Friday, November 4th. William Blair downgraded Fluor Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $58.00 to $48.00 in a research report on Friday, November 4th. Finally, Macquarie downgraded Fluor Corp. from an “outperform” rating to a “neutral” rating in a research report on Friday, November 4th.

Fluor Corp. (NYSE:FLR) opened at 52.77 on Friday. Fluor Corp. has a 12 month low of $39.48 and a 12 month high of $55.69. The company has a 50-day moving average price of $50.54 and a 200 day moving average price of $51.18. The company has a market capitalization of $7.35 billion, a PE ratio of 46.70 and a beta of 1.61.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Friday, December 2nd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.84 annualized dividend and a yield of 1.59%. Fluor Corp.’s dividend payout ratio is currently 74.34%.

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A number of large investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in Fluor Corp. by 62.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,244 shares of the company’s stock valued at $308,000 after buying an additional 2,410 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Fluor Corp. by 70.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,357 shares of the company’s stock valued at $9,924,000 after buying an additional 83,517 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in Fluor Corp. by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 36,040 shares of the company’s stock valued at $1,776,000 after buying an additional 2,217 shares in the last quarter. CenturyLink Investment Management Co boosted its stake in Fluor Corp. by 120.9% in the second quarter. CenturyLink Investment Management Co now owns 28,739 shares of the company’s stock valued at $1,416,000 after buying an additional 15,731 shares in the last quarter. Finally, Cullinan Associates Inc. boosted its stake in Fluor Corp. by 51.6% in the second quarter. Cullinan Associates Inc. now owns 28,800 shares of the company’s stock valued at $1,419,000 after buying an additional 9,800 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Fluor Corp. Company Profile

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.

5 Day Chart for NYSE:FLR

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