On Thursday, the equity research analysts working for StockNews.com released a note announcing they would now cover Fluor.
The construction company’s stock was recommended to be “held” by the brokerage firm’s clients as an investment option.
On February 21st, the quarterly earnings report for Fluor (NYSE: FLR) was made public for investors to view.
The construction company reported earnings per share for the quarter of $0.43, below the average prediction of $0.54 by a margin of $0.11.
The revenue for the quarter came in at $3.71 billion, which is lower than the consensus estimate of $4.04 billion provided for comparison purposes.
The equity return on the company was 8.49%, and the net margin on the company’s earnings was 1.06%. Compared to the same period the previous year, the revenue for this quarter saw a 2.4% increase.
The company generated earnings of $0.31 per share during the same period the year before.
According to projections made by analysts working on the sell side, Fluor will generate $1.73 per share in 2018.
At the start of trading on Thursday, the NYSE FLR set the opening price at $30.33. 1.57 is the value achieved when the debt-to-equity ratio, the current ratio, and the quick ratio are equal.
The ratio of debt to equity is currently 0.49.
The share price currently sits at $4.32 billion; it has a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 0.77, and a beta value of 2.29. Within the past year, the price of Fluor has ranged from its all-time low of $21.67 to its all-time high of $38.20.
The company’s moving average over the past 200 days is $32.26, and the moving average over the last 50 days is $35.68.
In recent years, various research organizations from various fields have also published reports on FLR.
The “neutral” rating that Credit Suisse Group had previously assigned to Fluor was changed to an “outperform” rating in a research note published on February 22nd.
In addition to this, the company increased its price objective to $31.00.
In a research report released on November 29th, UBS Group upgraded Fluor from a “neutral” rating to a “buy” rating and raised their price objective on the stock from $26.00 to $36.00.
Both of these moves were made about the company’s stock.
Last but not least, on February 22nd, Robert W.
Baird increased their price objective on Fluor stock from $38.00 to $43.00 and upgraded it to “outperform,” indicating that they believe the stock will perform better than its current price.
This news came after the firm set its price objective on Fluor stock at $38.00.
Two analysts gave the stock a buy rating, while five experts recommended that shareholders hold their current positions.
The research compiled by Bloomberg indicates that the current rating for Fluor shares is “Hold” and that the price target for the company has been set at $35.29 on average.
In other news about this topic, a corporate insider named James R.
Breuer sold 4,000 shares of Fluor stock on March 3rd.
That day saw the completion of the transaction. Following the sale of the shares at an average price of $37.81 per share, a total value of $151,240.00 was obtained in exchange for the shares.
As a direct consequence of the transaction, the company’s insider now possesses 41,742 shares, totaling approximately 1,578,265.02 dollars.
Because of the filing made with the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file. 1.01 company insiders own a percent of the total shares currently outstanding.
In the most recent few weeks, several hedge funds and other types of institutional investors have modified their FLR holdings.
The final three months of 2018 saw Ronald Blue Trust INC make a 1,186.6% increase in the proportion of its holdings allocated to Fluor.
In the most recent fiscal quarter, Ronald Blue Trust INC purchased an additional 973 shares of the construction company’s stock, bringing their total holdings to 1,055 shares with a $26,000.
This brings their total holdings to a value of $26,000.
The total value of Allworth Financial LP’s holdings in Fluor increased by 70.9% during the period covered by the third quarter report.
Allworth Financial LP now has 1,080 shares in the construction business, having purchased an additional 448 shares over the most recent quarter for 1,080.
These shares are currently trading on the market for $27,000. Hollencrest Capital Management opened up a new position in Fluor during the fourth quarter with an investment of approximately 35,000 dollars. Nearly $35,000 was donated to Fluor by the Toronto Dominion Bank during the year’s final three months.
And finally, during the last three months of 2018, Johnson Financial Group INC contributed approximately $45,000 toward purchasing additional stock in Fluor.
The vast majority of the company’s stock is owned by large financial institutions, which account for 94.28% of the total.