Day Mover: Fluor Corporation (FLR)

Adjust Comment Print

Cowen & Co maintained the shares of FLR in report on Friday, July 31 with "Outperform" rating. Deutsche Bank AG raised shares of Fluor Co. Greenwood Capital Assoc Limited Liability holds 0.06% in Fluor Corporation (NEW) (NYSE:FLR) or 3,926 shares. (NYSE:FLR) traded down 0.27% during trading on Monday, reaching $48.05.

Looking forward, the company is expected to report earnings of $0.65 per share for the current quarter. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.83 billion. The Blackrock Institutional Trust Company holds 3.75M shares with $196.77 million value, down from 3.77 million last quarter.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by BBNS and is owned by of BBNS. If you are viewing this article on another website, it was stolen and republished in violation of United States & worldwide copyright and trademark laws. S&P Research upgraded Fluor Corporation (NEW) (NYSE:FLR) on Thursday, October 8 to "Buy" rating.

Other equities analysts have also issued reports about the stock. Credit Suisse Ag, Switzerland-based fund reported 59,657 shares. Also, insider Robin K. Chopra sold 1,800 shares of Fluor Co. Buy rating has been given by 3 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 2 analysts given HOLD rating. Finally, Citigroup Inc restated a "buy" rating and issued a $65.00 price objective on shares of Fluor Co. (NEW) in a research report on Monday, March 13th. Johnson Rice upgraded shares of Fluor Co. KeyCorp analyst T. Afzal now anticipates that the construction company will earn $0.58 per share for the quarter, down from their prior estimate of $0.75.

Fluor Corporation (NYSE:FLR) reported net income for the first quarter of $ 60.60 million or $ 0.43 per share, compared to income of $ 104.30 million or $ 0.74 per share for the year-ago quarter. Credit Suisse maintained the shares of FLR in report on Friday, February 19 with "Outperform" rating. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Personal Capital Advisors Corp acquired 49,150 shares as Fluor Corp New (FLR)'s stock rose 4.04%.

Shares of Fluor Corporation (FLR) touched the day high at $48.54 while its day Low was at $46.53.

Fluor Corporation (NYSE:FLR) announced that the Fluor-led joint venture comprised of Fluor and Balfour Beatty Infrastructure, Inc., was selected by the Texas Department of Transportation (TxDOT) as the design-build and capital maintenance team for the estimated $625 million Southern Gateway reconstruction and improvement project located along Interstate I-35E and USA 67 in Dallas.

A number of large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Perritt Capital Management Inc, a Illinois-based fund reported 72,450 shares. (NEW) during the third quarter valued at about $400,000. Morgan Stanley now owns 1,291,764 shares of the construction company's stock valued at $66,292,000 after buying an additional 438,973 shares during the last quarter. Acadian Asset Management Llc owns 198 shares or 0% of their U.S. portfolio. Ltd. boosted its stake in shares of Fluor Co. (NEW) by 25.6% in the fourth quarter. The company's last traded volume of 6.59 million shares was up it's an average volume of 1.2 million shares. Zacks Investment Management boosted its stake in Fluor Co. (NEW) by 4.8% in the third quarter. SRB Corp increased its stake in Fluor Co. Bessemer Group Inc. now owns 1,930,574 shares of the construction company's stock worth $101,393,000 after buying an additional 393,195 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in Fluor Co. (NEW) announced a quarterly dividend of $0.21 1.87% with an ex dividend date of 2/29/2016 which will be payable on 4/4/2016. The company has market cap of $6.50 billion.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. The shares were sold at an average price of $53.85, for a total transaction of $96,930.00. Following the sale, the insider now directly owns 8,562 shares in the company, valued at approximately $461,063.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. On Wednesday, March 1 BARNARD RAY F. sold $428,288 worth of Fluor Corporation (NEW) (NYSE:FLR) or 7,490 shares. The short ratio in the company's stock is documented at 3.23 and the short float is around of 2.79%.

Comments