Rowland & Co. Investment Counsel ADV raised its position in Fluor Corporation (NYSE:FLR) by 44.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,230 shares of the construction company’s stock after buying an additional 3,460 shares during the period. Rowland & Co. Investment Counsel ADV’s holdings in Fluor were worth $582,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Energy Opportunities Capital Management LLC grew its position in shares of Fluor by 83.5% in the third quarter. Energy Opportunities Capital Management LLC now owns 54,160 shares of the construction company’s stock valued at $2,280,000 after purchasing an additional 24,649 shares during the period. Coastline Trust Co grew its position in shares of Fluor by 63.2% in the third quarter. Coastline Trust Co now owns 11,960 shares of the construction company’s stock valued at $504,000 after purchasing an additional 4,630 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of Fluor in the third quarter valued at about $1,909,000. Robinson Value Management Ltd. grew its position in shares of Fluor by 324.4% in the third quarter. Robinson Value Management Ltd. now owns 70,156 shares of the construction company’s stock valued at $2,954,000 after purchasing an additional 53,627 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Fluor in the third quarter valued at about $226,000. 84.15% of the stock is owned by institutional investors.
Fluor Corporation (NYSE FLR) traded up $2.09 on Thursday, reaching $56.15. 1,691,531 shares of the company were exchanged, compared to its average volume of 1,122,479. The firm has a market capitalization of $7,850.00, a price-to-earnings ratio of 39.27, a PEG ratio of 2.56 and a beta of 1.46. Fluor Corporation has a 52-week low of $37.03 and a 52-week high of $58.37. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.
Fluor (NYSE:FLR) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Fluor had a net margin of 1.03% and a return on equity of 11.69%. Fluor’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. equities analysts anticipate that Fluor Corporation will post 1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.50%. Fluor’s payout ratio is presently 58.74%.
FLR has been the topic of several research analyst reports. Robert W. Baird lifted their target price on shares of Fluor from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. UBS Group lifted their target price on shares of Fluor from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Stephens reiterated an “overweight” rating and issued a $50.00 target price (up previously from $44.00) on shares of Fluor in a research report on Saturday, October 14th. Zacks Investment Research lowered shares of Fluor from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered shares of Fluor from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $49.08.
In other Fluor news, insider Jose Luis M. Bustamante sold 2,750 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.63, for a total value of $133,732.50. Following the transaction, the insider now directly owns 38,757 shares in the company, valued at approximately $1,884,752.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David Thomas Seaton sold 40,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $47.57, for a total transaction of $1,902,800.00. Following the completion of the transaction, the chairman now owns 276,643 shares in the company, valued at $13,159,907.51. The disclosure for this sale can be found here. Insiders have sold 45,932 shares of company stock worth $2,191,092 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
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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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