Fluor Co. (NEW) (NYSE:FLR) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 108.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,267 shares of the construction company’s stock after purchasing an additional 153,021 shares during the period. Advisors Asset Management Inc. owned 0.21% of Fluor Co. (NEW) worth $5,556,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FLR. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Fluor Co. (NEW) by 79.2% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,024,745 shares of the construction company’s stock worth $151,507,000 after purchasing an additional 3,545,445 shares during the last quarter. Towle & Co. purchased a new position in shares of Fluor Co. (NEW) during the 4th quarter worth about $34,158,000. Millennium Management LLC lifted its holdings in shares of Fluor Co. (NEW) by 3,629.2% during the 3rd quarter. Millennium Management LLC now owns 1,790,372 shares of the construction company’s stock worth $34,249,000 after acquiring an additional 1,742,362 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Fluor Co. (NEW) by 119.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,360,188 shares of the construction company’s stock worth $25,680,000 after acquiring an additional 739,974 shares during the period. Finally, Lodge Hill Capital LLC purchased a new position in shares of Fluor Co. (NEW) during the 4th quarter worth about $9,571,000. 80.41% of the stock is currently owned by institutional investors.

Shares of NYSE:FLR opened at $6.23 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.97. Fluor Co. has a 52-week low of $2.85 and a 52-week high of $41.91. The company has a 50 day moving average of $11.62 and a two-hundred day moving average of $16.96. The company has a market capitalization of $831.23 million, a price-to-earnings ratio of -0.67 and a beta of 2.53.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend is Friday, February 28th. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 18.60%.

Several brokerages have recently weighed in on FLR. Goldman Sachs Group cut their price objective on shares of Fluor Co. (NEW) from $16.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. DA Davidson restated a “neutral” rating on shares of Fluor Co. (NEW) in a report on Wednesday, February 19th. ValuEngine lowered shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Citigroup cut their price target on shares of Fluor Co. (NEW) from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, Canaccord Genuity lowered shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $14.00 in a report on Wednesday, February 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $21.60.

About Fluor Co. (NEW)

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

Read More: Earnings Per Share (EPS) Explained

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

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