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Wednesday, September 27, 2023

Fluor Corporation (NYSE: FLR) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Fluor Corporation (FLR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.37, or 1.04%, to $36.07. The Fluor Corporation has recorded 29,721 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Fluor Corporation Announces Expiration of Cash Tender Offer for Its 3.500% Senior Notes Due 2024.

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Stocks Info

Fluor Corporation is listed on the NYSE as a member of the Industrials sector and is a part of the Engineering & Construction industry. At the end of the last regular session, the stock closed at $35.70 and fluctuated between $36.08 as its day high and $35.19 as its day low. The current market capitalization of Fluor Corporation is $5.02B. A total of 1.58 million shares were traded on the day, compared to an average of 1.72M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FLR has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 20,000 shares. Over the last 12 months, there were 27 BUYs and 18 SELLs from insiders. Insiders purchased 401,958 shares during that period but sold 240,958.

In the most recent transaction, Dillow Stacy L sold 20,000 shares of FLR for 30.30 per share on Jun 07. After the transaction, the EVP, Chief HR Officer now owns 75,929 company shares. In a previous transaction on Mar 03, Breuer James R sold 4,000 shares at 37.81 per share. FLR shares that Group President owns now total 41,742.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. FLR’s most recent ex-dividend date was 2/28/2020 when it declared a $0.10 quarterly dividend that was paid in cash on 4/2/2020. Previously, the company paid the dividend on 1/3/2020 with an ex-dividend date of 12/3/2019. The FLR stock dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FLR in the last 3 months, the mean price target is $39.86 with high estimates of $48.00 and low estimates of $30.00. In terms of 52-week highs and lows, FLR has a high of $38.20 and a low of $23.37.

As of this writing, FLR has an earnings estimate of $0.55 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.49. The company reported an EPS of $0.28 in the last quarter, which was -24.30% lower than expectations of $0.37.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FLR’s latest balance sheet shows that the firm has $2.34B in Cash & Short Term Investments as of fiscal 2021. There were $1.17B in debt and $3.90B in liabilities at the time. Its Book Value Per Share was $12.57, while its Total Shareholder’s Equity was $1.57B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FLR is Buy with a score of 3.67.

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