Two Sigma Securities LLC purchased a new stake in Fluor Co. (NEW) (NYSE:FLR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,851 shares of the construction company’s stock, valued at approximately $457,000.
Several other institutional investors have also made changes to their positions in the stock. Balentine LLC boosted its holdings in Fluor Co. (NEW) by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after buying an additional 1,393 shares during the last quarter. American Beacon Advisors Inc. acquired a new stake in Fluor Co. (NEW) in the 4th quarter worth about $120,000. SeaCrest Wealth Management LLC acquired a new stake in Fluor Co. (NEW) in the 4th quarter worth about $135,000. Mission Wealth Management LP acquired a new stake in Fluor Co. (NEW) in the 4th quarter worth about $201,000. Finally, Moors & Cabot Inc. acquired a new stake in Fluor Co. (NEW) in the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.
In related news, CFO Bruce A. Stanski sold 3,718 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $57.44, for a total value of $213,561.92. Following the transaction, the chief financial officer now directly owns 61,802 shares in the company, valued at $3,549,906.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David Thomas Seaton sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $56.72, for a total value of $2,836,000.00. Following the completion of the transaction, the chairman now owns 302,312 shares in the company, valued at $17,147,136.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,218 shares of company stock worth $6,953,603. Insiders own 1.40% of the company’s stock.
Several equities research analysts recently issued reports on the company. ValuEngine upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Barclays reiterated a “hold” rating and issued a $62.00 price objective (up from $57.00) on shares of Fluor Co. (NEW) in a report on Tuesday, February 27th. Zacks Investment Research upgraded Fluor Co. (NEW) from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a report on Friday, February 23rd. DA Davidson lifted their price objective on Fluor Co. (NEW) to $63.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $73.00 price objective (up from $71.00) on shares of Fluor Co. (NEW) in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $58.00.
Fluor Co. (FLR) opened at $57.83 on Wednesday. The firm has a market capitalization of $8,153.80, a P/E ratio of 42.52, a PEG ratio of 1.07 and a beta of 1.52. Fluor Co. has a twelve month low of $37.03 and a twelve month high of $62.09. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.
Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.91 billion. Fluor Co. (NEW) had a return on equity of 10.95% and a net margin of 0.98%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. research analysts predict that Fluor Co. will post 3.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, February 28th. Fluor Co. (NEW)’s dividend payout ratio is currently 61.76%.
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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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