Janus Henderson Group PLC raised its position in Fluor Corporation (NYSE:FLR) by 4,064.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 577,992 shares of the construction company’s stock after acquiring an additional 564,113 shares during the period. Janus Henderson Group PLC owned about 0.41% of Fluor Corporation worth $26,460,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Fluor Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 13,657,238 shares of the construction company’s stock valued at $625,228,000 after acquiring an additional 345,001 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Fluor Corporation by 4.1% in the 1st quarter. Clearbridge Investments LLC now owns 12,415,798 shares of the construction company’s stock valued at $653,319,000 after acquiring an additional 487,187 shares in the last quarter. BlackRock Inc. increased its position in shares of Fluor Corporation by 4.7% during the 2nd quarter. BlackRock Inc. now owns 9,447,760 shares of the construction company’s stock worth $432,519,000 after purchasing an additional 422,641 shares during the last quarter. CI Global Investments Inc. increased its position in shares of Fluor Corporation by 66.8% during the 2nd quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock worth $216,165,000 after purchasing an additional 1,890,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Fluor Corporation by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,294,655 shares of the construction company’s stock worth $105,040,000 after purchasing an additional 72,552 shares during the last quarter. Hedge funds and other institutional investors own 84.74% of the company’s stock.
Fluor Corporation (NYSE FLR) opened at 42.50 on Friday. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 53.06 and a beta of 1.40. Fluor Corporation has a 12-month low of $37.04 and a 12-month high of $58.37. The company’s 50 day moving average price is $41.67 and its 200-day moving average price is $44.15.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.13. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the business posted $0.72 earnings per share. Fluor Corporation’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Fluor Corporation will post $1.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 5th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Thursday, August 31st. Fluor Corporation’s dividend payout ratio is currently 106.33%.
Several research analysts have weighed in on the company. Johnson Rice lowered Fluor Corporation from a “buy” rating to an “accumulate” rating and lowered their price target for the stock from $62.00 to $48.00 in a research report on Monday, August 7th. Stephens reaffirmed an “overweight” rating and set a $50.00 price target (up previously from $44.00) on shares of Fluor Corporation in a research report on Saturday, October 14th. Seaport Global Securities reaffirmed a “neutral” rating and set a $44.00 price target (down previously from $50.00) on shares of Fluor Corporation in a research report on Wednesday, October 11th. BidaskClub raised Fluor Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Deutsche Bank AG lowered Fluor Corporation from a “buy” rating to a “hold” rating and lowered their price target for the stock from $55.00 to $40.00 in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $48.17.
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Fluor Corporation Company Profile
Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.
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