Insider Buying: Fluor Co. (NEW) (FLR) CEO Buys 17,001 Shares of Stock

Fluor Co. (NEW) (NYSE:FLR) CEO Carlos M. Hernandez purchased 17,001 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $29.52 per share, with a total value of $501,869.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Fluor Co. (NEW) stock opened at $29.91 on Wednesday. Fluor Co. has a 52 week low of $28.00 and a 52 week high of $60.60. The firm has a market capitalization of $4.13 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.37 and a beta of 1.77. The company has a current ratio of 1.49, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.

Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period last year, the company earned $0.56 EPS. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. Equities analysts forecast that Fluor Co. will post 1.66 earnings per share for the current fiscal year.



The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 39.07%.

A number of research firms have recently commented on FLR. Goldman Sachs Group cut Fluor Co. (NEW) from a “buy” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $28.00 in a research report on Tuesday, May 7th. UBS Group cut their price objective on Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Citigroup cut their price objective on Fluor Co. (NEW) from $56.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Macquarie upgraded Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Finally, MKM Partners set a $39.00 price target on Fluor Co. (NEW) and gave the stock a “hold” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $46.45.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc raised its position in Fluor Co. (NEW) by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 14,347,886 shares of the construction company’s stock valued at $833,612,000 after purchasing an additional 175,647 shares in the last quarter. BlackRock Inc. grew its stake in Fluor Co. (NEW) by 11.2% during the 1st quarter. BlackRock Inc. now owns 10,776,759 shares of the construction company’s stock worth $396,583,000 after buying an additional 1,083,079 shares during the last quarter. FMR LLC grew its stake in Fluor Co. (NEW) by 0.9% during the 4th quarter. FMR LLC now owns 5,335,346 shares of the construction company’s stock worth $171,799,000 after buying an additional 47,411 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Fluor Co. (NEW) by 4.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,209,453 shares of the construction company’s stock worth $154,908,000 after buying an additional 185,100 shares during the last quarter. Finally, Sound Shore Management Inc. CT grew its stake in Fluor Co. (NEW) by 40.5% during the 4th quarter. Sound Shore Management Inc. CT now owns 3,153,230 shares of the construction company’s stock worth $101,534,000 after buying an additional 908,546 shares during the last quarter. 84.87% of the stock is currently owned by institutional investors and hedge funds.

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About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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