Aperio Group LLC decreased its position in Fluor Corporation (NYSE:FLR) by 30.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,172 shares of the construction company’s stock after selling 19,062 shares during the period. Aperio Group LLC’s holdings in Fluor Corporation were worth $1,860,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank lifted its stake in Fluor Corporation by 27.2% in the second quarter. Huntington National Bank now owns 3,468 shares of the construction company’s stock valued at $159,000 after purchasing an additional 741 shares during the last quarter. Captrust Financial Advisors purchased a new position in Fluor Corporation in the second quarter valued at approximately $169,000. Smithfield Trust Co. lifted its stake in Fluor Corporation by 393.3% in the second quarter. Smithfield Trust Co. now owns 3,700 shares of the construction company’s stock valued at $169,000 after purchasing an additional 2,950 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Fluor Corporation by 10.3% in the second quarter. State of Alaska Department of Revenue now owns 4,074 shares of the construction company’s stock valued at $186,000 after purchasing an additional 380 shares during the last quarter. Finally, Greenwood Capital Associates LLC lifted its stake in Fluor Corporation by 10.5% in the second quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock valued at $207,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.
Several equities research analysts have issued reports on the company. Citigroup Inc. set a $53.00 target price on Fluor Corporation and gave the stock a “buy” rating in a research report on Friday, October 27th. DA Davidson downgraded Fluor Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $48.00 in a research report on Friday, August 4th. KeyCorp restated a “buy” rating and set a $50.00 target price on shares of Fluor Corporation in a research report on Friday, September 22nd. Robert W. Baird restated a “hold” rating and set a $40.00 target price on shares of Fluor Corporation in a research report on Tuesday, September 5th. Finally, Johnson Rice downgraded Fluor Corporation from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $62.00 to $48.00 in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $47.45.
Shares of Fluor Corporation (NYSE:FLR) opened at $45.66 on Wednesday. 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 Corporation has a 12-month low of $37.03 and a 12-month high of $58.37. The stock has a market capitalization of $6,529.38, a price-to-earnings ratio of 16.79, a P/E/G ratio of 3.25 and a beta of 1.42.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. Fluor Corporation had a return on equity of 11.69% and a net margin of 1.03%. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. analysts expect that Fluor Corporation will post 1.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. Fluor Corporation’s dividend payout ratio (DPR) is presently 58.74%.
About Fluor Corporation
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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