Carlos M. Hernandez Buys 17,001 Shares of Fluor Co. (NEW) (FLR) Stock

Share on StockTwits

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

FLR stock opened at $29.91 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.04 and a current ratio of 1.49. Fluor Co. has a 52 week low of $28.00 and a 52 week high of $60.60. The stock has a market capitalization of $4.13 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.37 and a beta of 1.77.

Fluor Co. (NEW) (NYSE:FLR) last released 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 quarter last year, the company posted $0.56 earnings per share. The company’s revenue was down 13.1% on a year-over-year basis. On average, analysts predict that Fluor Co. will post 1.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a yield of 2.81%. Fluor Co. (NEW)’s payout ratio is 39.07%.

FLR has been the topic of several research analyst reports. Goldman Sachs Group lowered shares of Fluor Co. (NEW) from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $28.00 in a research report on Tuesday, May 7th. Macquarie upgraded shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. MKM Partners set a $39.00 price target on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a research note on Friday, April 5th. Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. Finally, DA Davidson decreased their price target on shares of Fluor Co. (NEW) to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.45.

A number of institutional investors have recently made changes to their positions in the business. First Hawaiian Bank grew its stake in Fluor Co. (NEW) by 8.2% during the fourth quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. First Manhattan Co. grew its stake in Fluor Co. (NEW) by 51.2% during the first quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock worth $33,000 after buying an additional 308 shares in the last quarter. Utah Retirement Systems grew its stake in Fluor Co. (NEW) by 1.4% during the first quarter. Utah Retirement Systems now owns 26,442 shares of the construction company’s stock worth $973,000 after buying an additional 356 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Fluor Co. (NEW) by 34.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,498 shares of the construction company’s stock worth $55,000 after buying an additional 381 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in Fluor Co. (NEW) by 3.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,289 shares of the construction company’s stock worth $452,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was posted by Macon Daily and is the property of of Macon Daily. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://macondaily.com/2019/05/16/carlos-m-hernandez-buys-17001-shares-of-fluor-co-new-flr-stock.html.

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.

Read More: What is a resistance level?

Receive News & Ratings for Fluor Co. (NEW) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Co. (NEW) and related companies with MarketBeat.com's FREE daily email newsletter.