B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Sells 5,721 Shares of Fluor Co. (NEW) (FLR)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund cut its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 55.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,550 shares of the construction company’s stock after selling 5,721 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Fluor Co. (NEW) were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its stake in Fluor Co. (NEW) by 10.1% during the second quarter. Artisan Partners Limited Partnership now owns 5,865,827 shares of the construction company’s stock valued at $286,135,000 after purchasing an additional 535,887 shares during the last quarter. Ashler Capital LLC lifted its stake in Fluor Co. (NEW) by 27.2% during the second quarter. Ashler Capital LLC now owns 5,099,250 shares of the construction company’s stock valued at $248,741,000 after purchasing an additional 1,091,110 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Fluor Co. (NEW) by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 4,738,292 shares of the construction company’s stock valued at $231,133,000 after purchasing an additional 475,286 shares during the last quarter. Bank of America Corp DE lifted its stake in Fluor Co. (NEW) by 62.3% during the second quarter. Bank of America Corp DE now owns 2,256,406 shares of the construction company’s stock valued at $110,066,000 after purchasing an additional 866,355 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Fluor Co. (NEW) by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,055,966 shares of the construction company’s stock valued at $117,642,000 after purchasing an additional 12,484 shares during the last quarter. 88.51% of the stock is owned by institutional investors and hedge funds.

FLR stock opened at $57.84 on Friday. Fluor Co. has a 52-week low of $40.00 and a 52-week high of $62.09. The company has a current ratio of 1.45, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. The company has a market cap of $8.10 billion, a PE ratio of 35.48, a PEG ratio of 0.73 and a beta of 1.50.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.11. Fluor Co. (NEW) had a net margin of 1.28% and a return on equity of 11.63%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. equities research analysts anticipate that Fluor Co. will post 2.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. Fluor Co. (NEW)’s dividend payout ratio is currently 51.53%.

Several research firms recently commented on FLR. Zacks Investment Research lowered shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. TheStreet raised shares of Fluor Co. (NEW) from a “c” rating to a “b-” rating in a research note on Thursday, August 2nd. Canaccord Genuity raised shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Barclays set a $60.00 target price on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a research note on Tuesday, May 29th. Finally, ValuEngine raised shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $56.29.

Fluor Co. (NEW) Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

Further Reading: Penny Stocks, Risk and Reward Factors

Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Co. (NEW) (NYSE:FLR).

Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

Receive News & Ratings for Fluor Co. (NEW) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Co. (NEW) and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply