17,770 Shares in Fluor Co. (NEW) (FLR) Purchased by Alps Advisors Inc.

Alps Advisors Inc. bought a new position in shares of Fluor Co. (NEW) (NYSE:FLR) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 17,770 shares of the construction company’s stock, valued at approximately $1,032,000.

Other institutional investors have also recently made changes to their positions in the company. Huber Capital Management LLC increased its position in shares of Fluor Co. (NEW) by 1.7% during the 2nd quarter. Huber Capital Management LLC now owns 80,825 shares of the construction company’s stock worth $3,943,000 after purchasing an additional 1,323 shares in the last quarter. Fairfax Financial Holdings Ltd Can increased its position in shares of Fluor Co. (NEW) by 16.7% during the 2nd quarter. Fairfax Financial Holdings Ltd Can now owns 35,000 shares of the construction company’s stock worth $1,707,000 after purchasing an additional 5,000 shares in the last quarter. Sentry Investment Management LLC increased its position in shares of Fluor Co. (NEW) by 15.7% during the 2nd quarter. Sentry Investment Management LLC now owns 8,420 shares of the construction company’s stock worth $411,000 after purchasing an additional 1,145 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Fluor Co. (NEW) during the 3rd quarter worth about $933,000. Finally, Bank of America Corp DE increased its position in shares of Fluor Co. (NEW) by 62.3% during the 2nd quarter. Bank of America Corp DE now owns 2,256,406 shares of the construction company’s stock worth $110,066,000 after purchasing an additional 866,355 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

FLR opened at $44.83 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 0.59 and a beta of 1.46. Fluor Co. has a 1-year low of $42.22 and a 1-year high of $62.09.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Fluor Co. (NEW) had a net margin of 1.28% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. As a group, equities research analysts forecast that Fluor Co. will post 2.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.87%. Fluor Co. (NEW)’s payout ratio is presently 51.53%.

A number of equities research analysts recently issued reports on FLR shares. TheStreet upgraded shares of Fluor Co. (NEW) from a “c” rating to a “b-” rating in a research report on Thursday, August 2nd. Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. UBS Group upgraded shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and raised their price objective for the company from $48.00 to $69.00 in a research report on Monday, August 13th. ValuEngine upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Finally, Citigroup set a $66.00 price objective on shares of Fluor Co. (NEW) and gave the company a “buy” rating in a research report on Thursday, October 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.00.

Fluor Co. (NEW) 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.

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

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