Hartford Investment Management Co. Has $577,000 Position in Fluor Co. (NEW) (FLR)

Hartford Investment Management Co. cut its holdings in Fluor Co. (NEW) (NYSE:FLR) by 30.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,682 shares of the construction company’s stock after selling 6,799 shares during the quarter. Hartford Investment Management Co.’s holdings in Fluor Co. (NEW) were worth $577,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc lifted its position in Fluor Co. (NEW) by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 14,347,886 shares of the construction company’s stock valued at $833,612,000 after acquiring an additional 175,647 shares in the last quarter. FMR LLC lifted its position in Fluor Co. (NEW) by 0.9% in the 4th quarter. FMR LLC now owns 5,335,346 shares of the construction company’s stock valued at $171,799,000 after acquiring an additional 47,411 shares in the last quarter. Sound Shore Management Inc. CT lifted its position in Fluor Co. (NEW) by 40.5% in the 4th quarter. Sound Shore Management Inc. CT now owns 3,153,230 shares of the construction company’s stock valued at $101,534,000 after acquiring an additional 908,546 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Fluor Co. (NEW) by 2,214.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,326,643 shares of the construction company’s stock valued at $72,000 after acquiring an additional 2,226,117 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Fluor Co. (NEW) by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,101,840 shares of the construction company’s stock valued at $67,678,000 after acquiring an additional 9,322 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of FLR opened at $29.01 on Tuesday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.29 and a beta of 1.77. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. Fluor Co. has a 1-year low of $28.00 and a 1-year high of $60.60.

Fluor Co. (NEW) (NYSE:FLR) last announced its earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.68). The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. Fluor Co. (NEW)’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Sell-side analysts expect that Fluor Co. will post 1.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be paid a $0.21 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.84 annualized dividend and a dividend yield of 2.90%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 39.07%.

Several equities analysts recently issued reports on FLR shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Fluor Co. (NEW) in a research report on Monday, February 11th. ValuEngine cut Fluor Co. (NEW) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 5th. Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. MKM Partners reiterated a “neutral” rating and set a $39.00 target price on shares of Fluor Co. (NEW) in a research note on Tuesday, January 8th. Finally, Macquarie upgraded shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $52.00.

In other news, insider Ray F. Barnard sold 7,515 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.57, for a total value of $282,338.55. Following the completion of the sale, the insider now directly owns 86,572 shares in the company, valued at approximately $3,252,510.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ray F. Barnard sold 3,318 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $37.04, for a total value of $122,898.72. Following the completion of the sale, the insider now owns 75,739 shares of the company’s stock, valued at $2,805,372.56. The disclosure for this sale can be found here. Insiders sold a total of 13,570 shares of company stock valued at $506,670 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

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Fluor Co. (NEW) Company Profile

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.

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

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