Trading Report: Today, Fluor Corp. (FLR) Receives Consensus Rating of “Hold” from Analysts

Today, Fluor Corp. (FLR) Receives Consensus Rating of “Hold” from Analysts

Fluor Corp. (NYSE:FLR) has earned a consensus rating of “Hold” from the eighteen analysts that are presently covering the firm. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $49.92.

FLR has been the subject of several recent analyst reports. Bank of America Corp. reaffirmed a “sell” rating and issued a $50.00 target price on shares of Fluor Corp. in a research note on Friday, August 5th. Zacks Investment Research raised shares of Fluor Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. DA Davidson downgraded shares of Fluor Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $60.00 to $52.00 in a research note on Friday, November 4th. MKM Partners set a $52.00 target price on shares of Fluor Corp. and gave the company a “hold” rating in a research note on Friday, August 5th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $48.00 target price on shares of Fluor Corp. in a research note on Friday, November 4th.

Fluor Corp. (NYSE:FLR) traded up 1.11% on Friday, hitting $54.82. 1,144,122 shares of the stock were exchanged. The company has a 50 day moving average of $50.37 and a 200 day moving average of $51.14. The stock has a market capitalization of $7.63 billion, a P/E ratio of 48.51 and a beta of 1.61. Fluor Corp. has a one year low of $39.48 and a one year high of $55.69.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Friday, December 2nd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, November 30th. Fluor Corp.’s dividend payout ratio is currently 74.34%.

A number of hedge funds have recently made changes to their positions in FLR. Virtus Investment Advisers Inc. purchased a new stake in shares of Fluor Corp. during the third quarter worth approximately $112,000. Huntington National Bank boosted its stake in shares of Fluor Corp. by 8.2% in the third quarter. Huntington National Bank now owns 2,196 shares of the company’s stock worth $112,000 after buying an additional 166 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of Fluor Corp. by 107.3% in the first quarter. BlueMountain Capital Management LLC now owns 2,303 shares of the company’s stock worth $124,000 after buying an additional 1,192 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Fluor Corp. during the second quarter worth approximately $128,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Fluor Corp. by 49.6% in the third quarter. Victory Capital Management Inc. now owns 2,659 shares of the company’s stock worth $136,000 after buying an additional 882 shares in the last quarter. Hedge funds and other institutional investors own 83.86% of the company’s stock.

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