Fluor Co. (FLR) Stake Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its holdings in Fluor Co. (NYSE:FLR) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 918,825 shares of the construction company’s stock after buying an additional 41,660 shares during the period. Schwab Charles Investment Management Inc. owned about 0.66% of Fluor worth $52,576,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FLR. American Beacon Advisors Inc. acquired a new stake in Fluor during the fourth quarter valued at $120,000. SeaCrest Wealth Management LLC acquired a new stake in Fluor during the fourth quarter valued at $135,000. Pin Oak Investment Advisors Inc. acquired a new stake in Fluor during the fourth quarter valued at $145,000. Comerica Securities Inc. acquired a new stake in Fluor during the first quarter valued at $200,000. Finally, Wellington Shields & Co. LLC acquired a new stake in Fluor during the first quarter valued at $202,000. 89.69% of the stock is owned by institutional investors and hedge funds.

Fluor stock opened at $49.90 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.40. The stock has a market capitalization of $7.02 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. Fluor Co. has a 52 week low of $37.03 and a 52 week high of $62.09.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.25). Fluor had a return on equity of 11.08% and a net margin of 0.58%. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. analysts anticipate that Fluor Co. will post 2.88 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 1st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.84 annualized dividend and a yield of 1.68%. Fluor’s dividend payout ratio is 51.53%.

FLR has been the topic of several recent research reports. Barclays raised their target price on Fluor from $54.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. KeyCorp raised their target price on Fluor from $54.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Citigroup raised their target price on Fluor from $74.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. ValuEngine upgraded Fluor from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Credit Suisse Group restated an “outperform” rating and set a $73.00 target price (up from $71.00) on shares of Fluor in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $54.07.

In other Fluor news, insider Robin K. Chopra sold 5,553 shares of Fluor stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.49, for a total transaction of $319,241.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Carlos M. Hernandez sold 30,257 shares of Fluor stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $58.25, for a total value of $1,762,470.25. The disclosure for this sale can be found here. Insiders have sold 121,218 shares of company stock worth $6,953,603 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Fluor Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. It operates through four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Diversified Services; and Government.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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