Amundi Pioneer Asset Management Inc. acquired a new position in shares of Fluor Co. (NEW) (NYSE:FLR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 389,755 shares of the construction company’s stock, valued at approximately $20,131,000. Amundi Pioneer Asset Management Inc. owned 0.28% of Fluor Co. (NEW) as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Balentine LLC raised its holdings in shares of Fluor Co. (NEW) by 99.1% during the third quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after acquiring an additional 1,393 shares during the period. American Beacon Advisors Inc. bought a new position in Fluor Co. (NEW) in the fourth quarter valued at $120,000. SeaCrest Wealth Management LLC bought a new position in Fluor Co. (NEW) in the fourth quarter valued at $135,000. Mission Wealth Management LP bought a new position in Fluor Co. (NEW) in the fourth quarter valued at $201,000. Finally, Fort Pitt Capital Group LLC bought a new position in Fluor Co. (NEW) in the fourth quarter valued at $202,000. Institutional investors and hedge funds own 87.13% of the company’s stock.
In other news, insider Robin K. Chopra sold 3,889 shares of Fluor Co. (NEW) stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $57.69, for a total value of $224,356.41. Following the completion of the transaction, the insider now owns 14,743 shares of the company’s stock, valued at approximately $850,523.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bruce A. Stanski sold 3,718 shares of Fluor Co. (NEW) stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $57.44, for a total transaction of $213,561.92. Following the completion of the transaction, the chief financial officer now directly owns 61,802 shares of the company’s stock, valued at approximately $3,549,906.88. The disclosure for this sale can be found here. In the last three months, insiders sold 121,218 shares of company stock valued at $6,953,603. Insiders own 1.40% of the company’s stock.
Fluor Co. (NYSE FLR) opened at $58.28 on Tuesday. Fluor Co. has a 12-month low of $37.03 and a 12-month high of $62.09. The company has a market cap of $8,160.00, a PE ratio of 30.67, a PEG ratio of 1.07 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.16.
Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Fluor Co. (NEW) had a net margin of 0.98% and a return on equity of 10.95%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. sell-side analysts expect that Fluor Co. will post 3.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 1st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, February 28th. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 44.21%.
Fluor Co. (NEW) Company 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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