Insight 2811 Inc. grew its stake in shares of Fluor Corporation (NYSE:FLR) by 63.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,851 shares of the construction company’s stock after purchasing an additional 14,318 shares during the quarter. Fluor Corporation makes up approximately 1.1% of Insight 2811 Inc.’s portfolio, making the stock its 12th biggest position. Insight 2811 Inc.’s holdings in Fluor Corporation were worth $1,551,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Calamos Advisors LLC increased its holdings in Fluor Corporation by 3.8% in the 3rd quarter. Calamos Advisors LLC now owns 57,423 shares of the construction company’s stock worth $2,418,000 after buying an additional 2,105 shares in the last quarter. First Trust Advisors LP grew its position in Fluor Corporation by 28.2% in the 3rd quarter. First Trust Advisors LP now owns 279,012 shares of the construction company’s stock valued at $11,746,000 after acquiring an additional 61,311 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Fluor Corporation by 18.2% in the 3rd quarter. Nationwide Fund Advisors now owns 45,411 shares of the construction company’s stock worth $1,912,000 after buying an additional 6,984 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Fluor Corporation in the 3rd quarter worth $3,200,000. Finally, Exane Derivatives purchased a new stake in shares of Fluor Corporation in the 3rd quarter worth $476,000. 82.71% of the stock is owned by institutional investors and hedge funds.
Shares of Fluor Corporation (NYSE:FLR) traded down $0.36 on Tuesday, hitting $46.68. The stock had a trading volume of 1,200,800 shares, compared to its average volume of 1,418,586. Fluor Corporation has a 12-month low of $37.03 and a 12-month high of $58.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. The company has a market capitalization of $6,579.73, a PE ratio of 16.92, a PEG ratio of 3.28 and a beta of 1.42.
Fluor Corporation (NYSE:FLR) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. Fluor Corporation had a return on equity of 11.69% and a net margin of 1.03%. Fluor Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. equities analysts expect that Fluor Corporation will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. Fluor Corporation’s payout ratio is currently 58.74%.
A number of equities research analysts recently weighed in on FLR shares. Johnson Rice cut Fluor Corporation from a “buy” rating to an “accumulate” rating and decreased their price objective for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. Canaccord Genuity restated a “buy” rating and issued a $54.00 target price on shares of Fluor Corporation in a research report on Monday, November 6th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of Fluor Corporation in a report on Friday, September 22nd. Citigroup Inc. set a $53.00 target price on Fluor Corporation and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Deutsche Bank AG cut Fluor Corporation from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $40.00 in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.45.
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Fluor Corporation 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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