Fluor Co. (NEW) (NYSE:FLR) Reaches New 1-Year Low at $16.71

Fluor Co. (NEW) (NYSE:FLR)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.71 and last traded at $16.76, with a volume of 36962 shares changing hands. The stock had previously closed at $17.55.

Several research firms have recently weighed in on FLR. Goldman Sachs Group lowered shares of Fluor Co. (NEW) from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $28.00 in a report on Tuesday, May 7th. TheStreet lowered shares of Fluor Co. (NEW) from a “c” rating to a “d+” rating in a report on Friday, August 2nd. Credit Suisse Group lowered their target price on shares of Fluor Co. (NEW) from $41.00 to $31.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. KeyCorp reiterated a “hold” rating on shares of Fluor Co. (NEW) in a research report on Friday, August 2nd. Finally, DA Davidson reduced their price target on shares of Fluor Co. (NEW) to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Fluor Co. (NEW) currently has an average rating of “Hold” and a consensus price target of $39.91.

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a market cap of $2.56 billion, a P/E ratio of 7.83 and a beta of 2.04. The business’s 50-day moving average price is $29.28.



Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19). Fluor Co. (NEW) had a negative net margin of 2.74% and a positive return on equity of 7.09%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. As a group, research analysts expect that Fluor Co. will post 0.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 4.99%. Fluor Co. (NEW)’s payout ratio is presently 39.07%.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Fluor Co. (NEW) by 31.3% during the 2nd quarter. BlackRock Inc. now owns 14,151,867 shares of the construction company’s stock worth $476,776,000 after purchasing an additional 3,375,108 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Fluor Co. (NEW) by 23.0% during the 1st quarter. Clearbridge Investments LLC now owns 11,891,068 shares of the construction company’s stock worth $437,591,000 after acquiring an additional 2,222,261 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Fluor Co. (NEW) by 39.3% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,864,553 shares of the construction company’s stock worth $197,577,000 after acquiring an additional 1,655,100 shares in the last quarter. Morgan Stanley grew its stake in shares of Fluor Co. (NEW) by 1,555.7% during the 2nd quarter. Morgan Stanley now owns 4,428,088 shares of the construction company’s stock worth $149,183,000 after acquiring an additional 4,160,639 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Fluor Co. (NEW) by 15.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,455,262 shares of the construction company’s stock worth $82,717,000 after acquiring an additional 331,169 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Fluor Co. (NEW) Company Profile (NYSE:FLR)

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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