|Bid||19.00 x 1800|
|Ask||19.06 x 800|
|Day's Range||18.86 - 19.35|
|52 Week Range||16.25 - 49.45|
|Beta (3Y Monthly)||2.71|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||0.84 (4.42%)|
|1y Target Est||25.55|
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
Fluor Corporation (FLR) announced today that it has been named as a finalist in three categories including oil and gas, research project, and diversity and inclusion for the Institution of Chemical Engineers (IChemE) Global 2019 Awards. Winners will be announced at an awards event being held in the UK on November 7, 2019. “Fluor is delighted to have been selected as a finalist for these prestigious industry awards as they celebrate the 25th year of achievement by engineers and their innovative approach to finding solutions for the challenges facing the global energy and chemicals industry,” said Simon Nottingham, president of Fluor’s Energy & Chemicals business in Europe, Africa and Middle East.
Statistically speaking, long term investing is a profitable endeavour. But that doesn't mean long term investors can...
TechnipFMC (FTI) and partners JGC and Fluor Corporation will deal with the production and construction facilities of Rovuma's onshore liquefied natural gas (LNG), located in Cabo Delgado.
A consortium of Fluor (FLR), JGC Corporation of Japan and TechnipFMC of France wins a contract for Mozambique Rovuma Liquefied Natural Gas (LNG) Phase 1 project.
Fluor Corporation (FLR) announced today that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. (COOEC-Fluor) fabrication yard in Zhuhai, China, has safely completed the pipe spool fabrication portion of its scope of work in support of the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project in Kuwait. To achieve this milestone, COOEC-Fluor delivered more than 95,000 pipe spools by fabricating 337,000 linear meters of carbon, alloy and stainless steel pipe. The completed pipe spools were loaded out and arrived at the project site in Kuwait at the end of September.
Fluor Corporation (FLR) announced today that a consortium of Fluor, JGC Corporation of Japan and TechnipFMC of France was awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV) for its Mozambique Rovuma Liquefied Natural Gas (LNG) Phase 1 Project in Cabo Delgado, Mozambique with an immediate release of a limited notice-to-proceed. Fluor will book its portion of this work in the fourth quarter of 2019. “Fluor is pleased to have been selected for this strategic development and to partner with a team that combines considerable LNG expertise and design build capabilities on the African continent,” said Mark Fields, group president of Fluor’s Energy & Chemicals business.
Bragar Eagel & Squire is investigating certain officers and directors of Conagra Brands, Inc. (CAG), Fluor Corporation (FLR), GTT Communications, Inc. (GTT), and Health Insurance Innovations, Inc. (HIIQ) on behalf of long-term stockholders. Bragar Eagel & Squire is investigating certain officers and directors of Conagra Brands, Inc. following a class action complaint that was filed against Conagra on February 22, 2019.
Fluor Corporation (FLR) and its joint venture partner Walsh Construction Company broke ground today on the Chicago Transit Authority’s (CTA) Red and Purple Line Modernization Phase One Project, the largest capital project in CTA’s history. The Walsh-Fluor team will rebuild almost two miles of tracks while trains continue to operate. Four of CTA’s busiest rail stations will be replaced and the signal system will be upgraded.
Fluor Corporation will hold a conference call to review results for its third quarter ended September 30, 2019. The public is invited to listen to the conference call on Thursday, October 31, 2019, at 8:30 a.m.
Moody's Investors Service downgraded Fluor Corporation's ("Fluor") senior unsecured rating to Baa3 from Baa2 and downgraded its unsecured commercial paper rating to P-3 from P-2. "The downgrade of Fluor's ratings reflects the recent deterioration in its operating results and credit metrics due to project bidding and execution issues and the risk that weaker trends will persist due to its large backlog of orders booked prior to the establishment of its new business criteria. The stable outlook reflects the likelihood the sale of assets will result in a strengthened balance sheet and ensure the company maintains an excellent liquidity profile," said Michael Corelli, Moody's Vice President -- Senior Credit Officer and lead analyst for Fluor Corporation.
Fluor Corp on Tuesday cut its dividend in half and said it would raise $1 billion from asset sale, as its new management streamlines operations after project delays hit the engineering and construction firm's bottom line.
As part of its effort to revamp its flagging performance, engineering and construction company Fluor said Tuesday it would sell assets and slash its dividend by 52%.
Shares of Fluor Corp. rallied 2.4% in premarket trading Tuesday, after the engineering, construction and maintenance company unveiled its reorganization plan, which includes cutting the dividend by 52%, selling its government and equipment businesses and cutting overhead costs by $100 million. Beginning with the next quarterly dividend declaration, Fluor said the new dividend will be 10 cents a share, down from the previous dividend of 21 cents a share. The company expects to generate more than $1 billion from asset sales, which will include the sale of its construction equipment rental company (AMECO) and its government business, and to monetize surplus real estate and non-core investments. The company said Peter Fluor has stepped down as chair of the organization and compensation committee, and has informed the company he will not stand for re-election. The stock has tumbled 33.5% over the past three months through Monday while the S&P 500 has gained 1.6%.
Fluor Corp on Tuesday said it will sell its government and equipment businesses following a strategic review that began in the second quarter. The engineering and construction company expects the sale of its construction equipment rental company AMECO and its government business, along with other actions including the monetization of real estate to generate over $1 billion in proceeds. Fluor said it expects the actions announced on Tuesday to help drive cost reduction of $100 million.
Fluor Corporation (FLR) announced that Peter Fluor, the company’s current lead independent director, will not stand for re-election at the 2020 annual meeting of stockholders. In connection with this announcement, Peter Fluor has also stepped down as the chairman of the organization and compensation committee. “Peter Fluor’s 35-plus years of dedication and commitment with 107-year-old Fluor Corporation, and more broadly with the global engineering-construction and energy industries, is a legacy that is unmatched by many others,” said Alan Boeckmann, executive chairman, Fluor Corporation.
As a result of the strategic review, the company concluded that the divestitures of select businesses will simultaneously improve the financial stability of the company and allow the remaining businesses to refocus on engineering, construction and maintenance services in core markets. The company is initiating plans to sell its construction equipment rental company (AMECO) and its government business, and to monetize surplus real estate and non-core investments. Fluor anticipates these actions to generate in excess of $1 billion in aggregate proceeds.
** Fiat Chrysler's merger offer for Renault, which was abandoned in June, was no longer on the table and looked unlikely to be revived for now, the French carmaker's Chairman Jean-Dominique Senard said. ** Bain Capital and Advent are in advanced talks about making a new takeover bid for German lighting group Osram , sources familiar with the matter told Reuters. ** The Federal Communications Commission said Sprint Corp received tens of millions of dollars in monthly government subsidies for 885,000 low-income subscribers that were not using the service and said its Enforcement Bureau is investigating.
Engineering and construction company Fluor said it will cut its dividend by 52% and sell its equipment and government businesses. Fluor said it will slash the dividend to 10 cents a share from 21 cents starting at the next dividend declaration. The result of the restructuring is expected to turn Fluor into "a stronger and more profitable business in early 2020," the company said.
The United States stock market continues to chug along, hitting new highs. The Federal Reserve is allowing interest rates to fall. Consumers are keeping the economy going.Why worry about bad stocks when it seems that the end of the year is going to be as strong as the rest of the year has been? Well, the months of September and October are a crucial earnings season. And it's not as much about what these stocks do in the third quarter as much as it's about what they predict for future quarters.Given the disarray in world markets -- think trade wars, Brexit a potential recession, etc -- this remains a very volatile time.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe news of air strikes on an oil processing plant in Saudi Arabia this past weekend is a prime example. If initial trade talks break down next week between China and the U.S., that could be another trigger. Or, what if Iran continues to challenge the uneasy peace in the Middle East? * 8 Dividend Stocks to Buy for a Recession The point is, you want bulletproof stocks right now that can endure a downside plunge and recover quickly, with plenty of opportunity moving forward. At Growth Investor we're leaving these seven stocks on the shelf, as my Portfolio Grader says they are triple-"F" rated.Keep reading and you'll see why. Stocks to Sell: Fluor (FLR)Source: Trong Nguyen / Shutterstock.com Fluor Corp (NYSE:FLR) was founded in 1912 and has become one of the largest engineering and construction companies in the U.S., with projects and a reputation that spans the world.On the upside, the company has seen some crazy times over the past century and has found a way to survive and grow.But this isn't a good time. The company reported massive back-to-back quarterly losses -- when analysts were expecting profits -- and finally withdrew its guidance for the rest of 2019.That's not encouraging. It means either the company had no idea how bad things were, or it did and never bothered to share that with the analysts. Neither is an acceptable or comforting option.It also means that going forward, there's no way to know what happens next. And that's pretty much what the CEO said. That's pretty remarkable, given that economic data on construction, like housing stats and building permits, have been strong -- making the industry one of my key themes at Growth Investor. Only the best will do, though. Tutor Perini (TPC)Source: Casimiro PT / Shutterstock.com Tutor Perini (NYSE:TPC) is another infrastructure construction company, but it focuses primarily on U.S. government projects and infrastructure.That should tell you all you need to know about why it made this list. With the annual U.S. deficit nearing $1 trillion -- and President Donald Trump threatening to push for refinancing -- government construction spending isn't in the cards.And as far as infrastructure goes, unless it's the states providing funds, there's little happening in Washington to get this moving. It would be nice to think that 2020 election politics may break the ice, but it's highly unlikely.TPC stock is struggling and racking up losses. Some major brokerage houses have cut its price target. And the stock is off 37% in the past year. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Another bad quarter or some shock to the U.S. economy would drop it in a heartbeat. Tutor Perini stock is not worth the risk when there are so many better choices out there. Verso (VRS)Source: Shutterstock Verso (NYSE:VRS) seems to have been a quixotic company from the start. It is a paper company that launched in 2006 -- right at the heart of the digital revolution.Now that's not to say that printing companies are dinosaurs, but printing certainly isn't what it used to be. And that simple statement also became clear to Verso when it declared bankruptcy three years ago.Printing is a tough business in a good economy. It's even tougher in a sluggish one.VRS stock is off 61% in the past year and 37% in the past three months. This is a classic example of a falling knife. And you shouldn't try to catch falling knives.Even if its packing division gets a bump or there's more demand as we approach the holidays, there's way too much work to do to keep this company moving along at its current size. I'm looking for far better growth prospects (and income) for my buy list. Fiesta Restaurant Group (FRGI)Source: Philip Lange / Shutterstock.com Fiesta Restaurant Group (NASDAQ:FRGI) has two main franchises: Pollo Tropical and Taco Cabana. Restaurants of the latter brand can be found in major cities across Texas. Those of the former are all located in southern Florida.The biggest challenge right now for FRGI is its competition. Certainly more people eat out these days, especially younger generations. But the challenge is scaling the business to move on beyond Pollo Tropical and Taco Cabana's current locations.And that doesn't seem to be happening. Recently, FRGI had to close its Atlanta, Georgia restaurants because the nine locations were losing money. This also means Fiesta Restaurant Group's ideas are hard to share outside of familiar audiences. * 7 Momentum Stocks to Buy On the Dip Its $287 million market cap also makes it tough to compete against well-known national brands like Chipotle Mexican Grill (NYSE:CMG). And local restaurants also make competition tough.The stock is off 62% in the past year. There are far better restaurant stocks for my money. Conduent (CNDT)Source: IgorGolovniov / Shutterstock.com Conduent (NYSE:CNDT) was founded in New Jersey -- and in 2017 spun off from Xerox (NYSE:XRX). While the long history of its parent company may be proof of its durability over the past 113 years, it's hard to understand what Conduent does by going to its website.Fundamentally, CNDT works with governments and companies to build digital platforms. These platforms are then used to manage intensive transaction processing as well as analytics and automation.Perhaps that's the challenge CNDT is now facing. That pretty much describes a whole slew of organizations.And you can see this in its numbers. In the second quarter, CNDT stock lost $1 billion compared to an $11 million gain last year. Revenue also fell during the quarter. And, to top it off, the company said the loss was due to it losing contracts.Ashok Vemuri stepped down as CEO as a result, but now Conduent has suspended the search for a new permanent CEO. Cliff Skelton is serving in the position in the interim. None of this looks encouraging. Nautilus (NLS)Source: Sallehudin Ahmad / Shutterstock.com Nautilus (NYSE:NLS) is a fitness equipment company. Back in the day, Nautilus was one of the top brands in its market. It was a pioneer in launching the specific, muscle-focused equipment you see today in most gyms.This sector has grown alongside various new free weight regimens. And NLS has continued to expand its portfolio. It now owns the Bowflex, Octane Fitness, Schwinn Fitness and Universal brands, as well as others.Unfortunately, the newest trends are yoga and cross-fit, which don't require equipment. These trends are more of a "lifestyle" appeal, and I actually prefer to cash in with a niche retail stock for Growth Investor. Meanwhile, new gyms are competing for lower price points on memberships, which means they're not buying as much equipment. * 7 Tech Stocks You Should Avoid Now Basically, most of the fitness trends today are working against NLS. And that shows in the stock price. It's off 87.6% year-to-date and 90% in the past year. The market cap is a mere $41 million at this point. It's not going to pump your portfolio up. NeuroMetrix (NURO)Source: Shutterstock NeuroMetrix (NASDAQ:NURO) is in a $635 billion industry -- chronic pain management. Its unique spin is that it uses neurostimulation and digital techniques to manage pain without the use of drugs. And this treatment addresses everything from chronic pain to sleep disorders to diabetes.NeuroMetrix's two most promising devices are Quell, a U.S. Food and Drug Administration approved wearable for chronic pain management and Health Cloud, a pain management database that is becoming one of the largest of its kind.It all sounds promising. But the stock has a market cap just shy of $4 million at this point. And it's off 26% in the past three months, 48% year-to-date and 71% in the past 12 months.While this may be the future -- or a future -- of chronic pain management, right now the stock is not looking good. Perhaps that's a reflection on the products or perhaps it's a statement about management. Either way, it's not worth sticking around to find out.Having spent time on Wall Street, big institutional investors quickly learn that you need dividends to grow a portfolio over time, and I think that's why there's a clear preference for them. The income really helps smooth over the rough patches.Dividend growth stocks are especially important today -- when the global bond market is just going haywire. And even the 30-year U.S. Treasury can't be relied upon for good yield anymore. Recently, its yield dropped below 2% for the first time ever.So -- whether you're managing big institutional cash, or your own portfolio -- you're going to need what I call the Money Magnets.Not only did these stocks earn an "A" in my Portfolio Grader, thanks to strong buying pressure and great fundamentals, the stocks also earn an "A" in my Dividend Grader. These stocks are able to pay great yields -- and have the strong business model to back it up.All in all, I've got 27 strong dividend growth stocks for you, almost all of which yield more than the S&P 500. These stocks are poised to do well as we continue to see international capital flow to the U.S. markets. Click here to see how I found these stocks, and how you can get great performance out of YOUR portfolio -- come what may.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 7 Triple-'F' Rated Stocks to Leave on the Shelf appeared first on InvestorPlace.