Rowland & Co. Investment Counsel ADV increased its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 44.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,230 shares of the construction company’s stock after acquiring an additional 3,460 shares during the period. Rowland & Co. Investment Counsel ADV’s holdings in Fluor Co. (NEW) were worth $582,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in FLR. Balentine LLC raised its position in shares of Fluor Co. (NEW) by 99.1% during the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock valued at $118,000 after acquiring an additional 1,393 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Fluor Co. (NEW) during the 2nd quarter valued at approximately $169,000. IFM Investors Pty Ltd bought a new position in Fluor Co. (NEW) during the 3rd quarter worth $226,000. Investment Counselors of Maryland LLC grew its stake in Fluor Co. (NEW) by 73.6% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock worth $241,000 after buying an additional 2,431 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Fluor Co. (NEW) during the 3rd quarter worth $299,000. 84.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fluor Co. (NYSE:FLR) opened at $58.79 on Friday. The stock has a market capitalization of $8,454.06, a PE ratio of 41.11, a P/E/G ratio of 2.88 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 1.18. Fluor Co. has a one year low of $37.04 and a one year high of $62.09.
Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.09. Fluor Co. (NEW) had a return on equity of 11.69% and a net margin of 1.03%. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the business earned $0.03 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. analysts predict that Fluor Co. will post 1.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 1st will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, February 28th. Fluor Co. (NEW)’s payout ratio is currently 58.74%.
A number of research analysts recently commented on the company. Barclays upped their price objective on Fluor Co. (NEW) from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Credit Suisse Group raised Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and set a $71.00 price target for the company in a research note on Thursday, January 18th. MKM Partners set a $56.00 price target on Fluor Co. (NEW) and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Robert W. Baird raised Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $61.00 in a research note on Wednesday, January 3rd. Finally, ValuEngine lowered Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $52.15.
In other Fluor Co. (NEW) news, Chairman David Thomas Seaton sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $47.57, for a total value of $1,902,800.00. Following the transaction, the chairman now directly owns 276,643 shares of the company’s stock, valued at approximately $13,159,907.51. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bruce A. Stanski sold 2,792 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $48.48, for a total value of $135,356.16. Following the completion of the transaction, the chief financial officer now directly owns 40,104 shares in the company, valued at $1,944,241.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,932 shares of company stock worth $2,191,092. Insiders own 1.30% of the company’s stock.
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Fluor Co. (NEW) 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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