BB&T Securities LLC Has $3.36 Million Stake in Fluor Co. (NEW) (FLR)

BB&T Securities LLC grew its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 176.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,788 shares of the construction company’s stock after purchasing an additional 43,896 shares during the quarter. BB&T Securities LLC’s holdings in Fluor Co. (NEW) were worth $3,355,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Huber Capital Management LLC raised its holdings in shares of Fluor Co. (NEW) by 1.7% during the second quarter. Huber Capital Management LLC now owns 80,825 shares of the construction company’s stock valued at $3,943,000 after acquiring an additional 1,323 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in Fluor Co. (NEW) by 7.9% in the second quarter. AMP Capital Investors Ltd now owns 34,094 shares of the construction company’s stock worth $1,664,000 after purchasing an additional 2,500 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Fluor Co. (NEW) by 17.9% in the second quarter. Flinton Capital Management LLC now owns 9,168 shares of the construction company’s stock worth $447,000 after purchasing an additional 1,392 shares in the last quarter. Laurion Capital Management LP raised its holdings in Fluor Co. (NEW) by 898.1% in the second quarter. Laurion Capital Management LP now owns 56,183 shares of the construction company’s stock worth $2,741,000 after purchasing an additional 50,554 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its holdings in Fluor Co. (NEW) by 17.9% in the second quarter. Glen Harbor Capital Management LLC now owns 16,044 shares of the construction company’s stock worth $783,000 after purchasing an additional 2,436 shares in the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FLR opened at $57.45 on Friday. Fluor Co. has a 1-year low of $39.93 and a 1-year high of $62.09. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The firm has a market cap of $8.04 billion, a PE ratio of 35.25, a P/E/G ratio of 0.73 and a beta of 1.50.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. Fluor Co. (NEW) had a return on equity of 11.63% and a net margin of 1.28%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the company earned $0.72 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. sell-side analysts predict that Fluor Co. will post 2.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. Fluor Co. (NEW)’s payout ratio is presently 51.53%.

A number of equities analysts have issued reports on the company. UBS Group upgraded Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $48.00 to $69.00 in a report on Monday, August 13th. Barclays set a $60.00 price objective on Fluor Co. (NEW) and gave the stock a “hold” rating in a report on Tuesday, May 29th. Canaccord Genuity upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Zacks Investment Research downgraded Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, TheStreet upgraded Fluor Co. (NEW) from a “c” rating to a “b-” rating in a report on Thursday, August 2nd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $56.29.

About Fluor Co. (NEW)

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.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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