Fluor Co. (NEW) (NYSE:FLR) received a $56.00 price objective from equities research analysts at MKM Partners in a report released on Wednesday. The brokerage presently has a “hold” rating on the construction company’s stock. MKM Partners’ price target would suggest a potential downside of 3.50% from the stock’s previous close.

FLR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. KeyCorp reissued a “buy” rating and issued a $50.00 target price on shares of Fluor Co. (NEW) in a research note on Friday, September 22nd. UBS Group increased their target price on shares of Fluor Co. (NEW) from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Citigroup set a $53.00 target price on shares of Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Robert W. Baird increased their target price on shares of Fluor Co. (NEW) from $40.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.62.

Fluor Co. (NYSE FLR) opened at $58.03 on Wednesday. Fluor Co. has a 12-month low of $37.03 and a 12-month high of $58.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. The company has a market cap of $7,982.68, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 2.74 and a beta of 1.47.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. Fluor Co. (NEW) had a net margin of 1.03% and a return on equity of 11.69%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the business earned $0.03 earnings per share. Fluor Co. (NEW)’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts forecast that Fluor Co. will post 1.56 EPS for the current fiscal year.

In related news, Chairman David Thomas Seaton sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $47.57, for a total value of $1,902,800.00. Following the transaction, the chairman now owns 276,643 shares of the company’s stock, valued at approximately $13,159,907.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jose Luis M. Bustamante sold 2,750 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the completion of the transaction, the insider now directly owns 38,757 shares in the company, valued at approximately $1,884,752.91. The disclosure for this sale can be found here. In the last three months, insiders sold 45,932 shares of company stock worth $2,191,092. Insiders own 1.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FLR. Balentine LLC increased its stake in Fluor Co. (NEW) by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after buying an additional 1,393 shares during the period. IFM Investors Pty Ltd purchased a new position in Fluor Co. (NEW) in the 3rd quarter worth about $226,000. Investment Counselors of Maryland LLC increased its stake in Fluor Co. (NEW) by 73.6% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock worth $241,000 after buying an additional 2,431 shares during the period. Chicago Equity Partners LLC purchased a new position in Fluor Co. (NEW) in the 3rd quarter worth about $299,000. Finally, 440 Investment Group LLC increased its stake in Fluor Co. (NEW) by 24.5% in the 4th quarter. 440 Investment Group LLC now owns 6,226 shares of the construction company’s stock worth $322,000 after buying an additional 1,226 shares during the period. 84.13% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)