Ameriprise Financial Inc. grew its holdings in shares of Fluor Corporation (NYSE:FLR) by 13.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,557 shares of the construction company’s stock after purchasing an additional 14,461 shares during the period. Ameriprise Financial Inc. owned approximately 0.09% of Fluor worth $5,119,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Captrust Financial Advisors bought a new position in Fluor during the second quarter valued at about $169,000. Greenwood Capital Associates LLC boosted its stake in Fluor by 10.5% during the second quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock valued at $207,000 after buying an additional 430 shares in the last quarter. Investment Counselors of Maryland LLC boosted its stake in Fluor by 73.6% during the third quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock valued at $241,000 after buying an additional 2,431 shares in the last quarter. Chicago Equity Partners LLC bought a new position in Fluor during the third quarter valued at about $299,000. Finally, Advisory Services Network LLC boosted its stake in Fluor by 0.7% during the second quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock valued at $325,000 after buying an additional 50 shares in the last quarter. 84.15% of the stock is currently owned by institutional investors.
In other news, CFO Bruce A. Stanski sold 2,792 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $48.48, for a total transaction of $135,356.16. Following the completion of the sale, the chief financial officer now directly owns 40,104 shares of the company’s stock, valued at approximately $1,944,241.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jose Luis M. Bustamante sold 2,750 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.63, for a total value of $133,732.50. Following the sale, the insider now directly owns 38,757 shares of the company’s stock, valued at $1,884,752.91. The disclosure for this sale can be found here. Insiders have sold a total of 45,932 shares of company stock valued at $2,191,092 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Shares of Fluor Corporation (NYSE:FLR) opened at $57.07 on Friday. Fluor Corporation has a 1 year low of $37.04 and a 1 year high of $58.37. The company has a market capitalization of $7,980.00, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56.
Fluor (NYSE:FLR) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. Fluor had a return on equity of 11.69% and a net margin of 1.03%. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period last year, the company posted $0.03 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. equities analysts predict that Fluor Corporation will post 1.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. Fluor’s payout ratio is presently 58.74%.
Several brokerages recently weighed in on FLR. TheStreet raised Fluor from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Barclays assumed coverage on Fluor in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $54.00 price target for the company. Citigroup set a $53.00 price target on Fluor and gave the company a “buy” rating in a research report on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of Fluor in a research report on Friday, September 22nd. Finally, Credit Suisse Group decreased their price target on Fluor from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Fluor presently has a consensus rating of “Hold” and a consensus target price of $49.08.
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Fluor 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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