Fluor Co. (NEW) (FLR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its position in Fluor Co. (NEW) (NYSE:FLR) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,441 shares of the construction company’s stock after selling 12,828 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Fluor Co. (NEW) worth $9,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA grew its stake in shares of Fluor Co. (NEW) by 5,010.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock valued at $100,000 after buying an additional 2,004 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Fluor Co. (NEW) during the second quarter worth about $163,000. Cerebellum GP LLC purchased a new stake in shares of Fluor Co. (NEW) during the second quarter worth about $180,000. First Hawaiian Bank purchased a new stake in shares of Fluor Co. (NEW) during the third quarter worth about $212,000. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in shares of Fluor Co. (NEW) by 56.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 4,385 shares of the construction company’s stock worth $214,000 after purchasing an additional 1,585 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of 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. Fluor Co. has a one year low of $42.22 and a one year high of $62.09. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 0.59 and a beta of 1.46.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $4.58 billion. During the same period last year, the business posted $0.72 earnings per share. Fluor Co. (NEW)’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Fluor Co. will post 2.7 EPS for the current fiscal 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 issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.87%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 51.53%.

A number of analysts have recently weighed in on FLR shares. Goldman Sachs Group upgraded shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday, October 18th. Citigroup set a $66.00 target price on shares of Fluor Co. (NEW) and gave the stock a “buy” rating in a report on Thursday, October 11th. ValuEngine lowered shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Zacks Investment Research lowered shares of Fluor Co. (NEW) from a “strong-buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Bank of America set a $67.00 target price on shares of Fluor Co. (NEW) and gave the stock a “buy” rating in a report on Thursday, October 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Fluor Co. (NEW) has an average rating of “Hold” and an average target price 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.

See Also: Why do corrections happen?

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