Dimensional Fund Advisors LP lifted its position in Fluor Co. (NEW) (NYSE:FLR) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,092,518 shares of the construction company’s stock after acquiring an additional 42,582 shares during the quarter. Dimensional Fund Advisors LP owned 1.49% of Fluor Co. (NEW) worth $121,579,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA grew its stake in Fluor Co. (NEW) by 5,010.0% in the second quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock valued at $100,000 after purchasing an additional 2,004 shares during the last quarter. Zions Bancorporation purchased a new position in Fluor Co. (NEW) in the third quarter valued at about $122,000. Tower Research Capital LLC TRC purchased a new position in Fluor Co. (NEW) in the second quarter valued at about $163,000. Girard Partners LTD. purchased a new position in Fluor Co. (NEW) in the third quarter valued at about $203,000. Finally, Comerica Securities Inc. purchased a new position in Fluor Co. (NEW) in the third quarter valued at about $206,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.
In other Fluor Co. (NEW) news, Chairman David Thomas Seaton purchased 5,158 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average price of $48.52 per share, for a total transaction of $250,266.16. Following the completion of the purchase, the chairman now owns 301,400 shares of the company’s stock, valued at $14,623,928. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.
FLR has been the topic of several analyst reports. Citigroup set a $66.00 target price on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. Bank of America set a $67.00 target price on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. UBS Group set a $69.00 target price on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. Goldman Sachs Group upgraded Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, October 18th. Finally, Canaccord Genuity upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $58.36.
Shares of FLR stock opened at $36.53 on Friday. Fluor Co. has a fifty-two week low of $35.65 and a fifty-two week high of $62.09. The stock has a market cap of $5.25 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.52.
Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. Fluor Co. (NEW)’s revenue was down 5.7% on a year-over-year basis. Sell-side analysts predict that Fluor Co. will post 2.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, December 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.30%. Fluor Co. (NEW)’s payout ratio is 51.53%.
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Fluor Co. (NEW) Profile
Fluor Corp. is a holding company engages in engineering and technology. It operates through the following segments: Energy, Chemicals & Mining, Industrial, Infrastructure & Power, Government and Diversified Services. The Energy, Chemicals & Mining Segment focuses on opportunities in the upstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas, pipeline, metals and mining markets.
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