Fluor Corp. (FLR) Shares Gap Up to $51.57
Fluor Corp. (NYSE:FLR) shares gapped up before the market opened on Monday . The stock had previously closed at $51.30, but opened at $51.57. Fluor Corp. shares last traded at $52.19, with a volume of 304,282 shares trading hands.
A number of research analysts have issued reports on the stock. Canaccord Genuity downgraded shares of Fluor Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Goldman Sachs Group Inc. upped their target price on shares of Fluor Corp. from $48.00 to $55.00 in a research report on Monday, March 28th. Zacks Investment Research upgraded shares of Fluor Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Seaport Global Securities restated an “accumulate” rating on shares of Fluor Corp. in a research report on Monday, April 11th. Finally, Robert W. Baird restated a “hold” rating on shares of Fluor Corp. in a research report on Monday, April 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $53.20.
The firm has a 50-day moving average of $51.09 and a 200 day moving average of $49.55. The firm has a market capitalization of $7.25 billion and a P/E ratio of 20.16.
Fluor Corp. (NYSE:FLR) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.85 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts predict that Fluor Corp. will post $3.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Thursday, June 2nd were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Tuesday, May 31st.
Other institutional investors recently bought and sold shares of the company. Aberdeen Asset Management PLC UK raised its position 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 worth $3,501,000 after buying an additional 34,578 shares in the last quarter. OppenheimerFunds Inc. bought a new position in Fluor Corp. during the fourth quarter worth approximately $1,138,000. Engineers Gate Manager LP raised its position in Fluor Corp. by 225.6% in the fourth quarter. Engineers Gate Manager LP now owns 21,688 shares of the company’s stock worth $1,024,000 after buying an additional 15,027 shares in the last quarter. First Trust Advisors LP raised its position in Fluor Corp. by 2.7% in the fourth quarter. First Trust Advisors LP now owns 474,372 shares of the company’s stock worth $22,400,000 after buying an additional 12,678 shares in the last quarter. Finally, Bruni J V & Co. Co. raised its position in Fluor Corp. by 0.9% in the fourth quarter. Bruni J V & Co. Co. now owns 344,624 shares of the company’s stock worth $16,273,000 after buying an additional 3,208 shares in 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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