Somewhat Positive Press Coverage Somewhat Unlikely to Impact Fluor Co. (NEW) (FLR) Share Price
Headlines about Fluor Co. (NEW) (NYSE:FLR) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fluor Co. (NEW) earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 46.9394026622311 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Nano-Care Deutschland AG Develops a Highly Sophisticated Impregnation for Textiles to Replace C8 Fluorocarbon Technologies (prnewswire.com)
- Brokerages Expect Fluor Co. (NEW) (FLR) Will Announce Earnings of $0.63 Per Share (americanbankingnews.com)
- Citigroup Raises Fluor Co. (NEW) (FLR) Price Target to $74.00 (americanbankingnews.com)
- Fluor Team Selected for Los Angeles International Airport Automated People Mover (finance.yahoo.com)
FLR has been the subject of several recent research reports. Credit Suisse Group decreased their target price on shares of Fluor Co. (NEW) from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Robert W. Baird upgraded shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $48.00 to $61.00 in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine downgraded shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Barclays raised their price objective on shares of Fluor Co. (NEW) from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Fluor Co. (NEW) currently has an average rating of “Hold” and an average target price of $53.77.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st will be given a $0.21 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. Fluor Co. (NEW)’s payout ratio is currently 58.74%.
In other Fluor Co. (NEW) news, insider Jose Luis M. Bustamante sold 2,750 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.63, for a total value of $133,732.50. Following the completion of the transaction, the insider now directly owns 38,757 shares of the company’s stock, valued at $1,884,752.91. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Bruce A. Stanski sold 2,792 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $48.48, for a total transaction of $135,356.16. Following the completion of the transaction, the chief financial officer now directly owns 40,104 shares of the company’s stock, valued at $1,944,241.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,932 shares of company stock valued at $2,191,092. 1.30% of the stock is owned by insiders.
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About Fluor Co. (NEW)
Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.
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