Fluor Corporation (FLR) Position Decreased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lessened its stake in Fluor Corporation (NYSE:FLR) by 52.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,847 shares of the construction company’s stock after selling 8,516 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Fluor Corporation were worth $330,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in shares of Fluor Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock valued at $605,000 after buying an additional 43 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Fluor Corporation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock valued at $475,000 after buying an additional 48 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Fluor Corporation by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock valued at $325,000 after buying an additional 50 shares during the last quarter. ING Groep NV lifted its stake in Fluor Corporation by 0.8% during the second quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock worth $328,000 after purchasing an additional 55 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its stake in Fluor Corporation by 1.1% during the second quarter. Sentry Investment Management LLC now owns 7,973 shares of the construction company’s stock worth $365,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Fluor Corporation (NYSE:FLR) opened at $47.04 on Friday. The company has a market capitalization of $6,581.13, a price-to-earnings ratio of 16.92, a PEG ratio of 3.28 and a beta of 1.42. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. Fluor Corporation has a fifty-two week low of $37.03 and a fifty-two week high of $58.37.

Fluor Corporation (NYSE:FLR) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Fluor Corporation had a return on equity of 11.69% and a net margin of 1.03%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. sell-side analysts predict that Fluor Corporation will post 1.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, December 4th. Fluor Corporation’s dividend payout ratio (DPR) is 58.74%.

Several equities analysts recently issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $54.00 price objective on shares of Fluor Corporation in a research note on Monday, November 6th. Robert W. Baird raised their price objective on Fluor Corporation from $40.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Credit Suisse Group reduced their price objective on Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. UBS AG raised their price objective on Fluor Corporation from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Johnson Rice cut Fluor Corporation from a “buy” rating to an “accumulate” rating and reduced their price objective for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.45.

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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.

Institutional Ownership by Quarter for Fluor Corporation (NYSE:FLR)

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