Fluor Corp. (FLR) Shares Bought by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. increased its stake in Fluor Corp. (NYSE:FLR) by 15.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,605 shares of the company’s stock after buying an additional 1,129 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Fluor Corp. were worth $424,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Fluor Corp. by 1.7% in the first quarter. State Street Corp now owns 6,804,621 shares of the company’s stock valued at $365,407,000 after buying an additional 115,926 shares during the last quarter. BlackRock Group LTD raised its stake in Fluor Corp. by 1.2% in the first quarter. BlackRock Group LTD now owns 1,149,752 shares of the company’s stock worth $61,741,000 after buying an additional 13,355 shares during the last quarter. Legal & General Group Plc raised its stake in Fluor Corp. by 6.7% in the first quarter. Legal & General Group Plc now owns 732,118 shares of the company’s stock worth $39,314,000 after buying an additional 46,068 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Fluor Corp. by 84.7% in the first quarter. TIAA CREF Investment Management LLC now owns 505,457 shares of the company’s stock worth $27,143,000 after buying an additional 231,829 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in Fluor Corp. by 90.4% in the first quarter. Riverhead Capital Management LLC now owns 459,761 shares of the company’s stock worth $24,691,000 after buying an additional 218,301 shares during the last quarter. 84.36% of the stock is owned by institutional investors.
Shares of Fluor Corp. (NYSE:FLR) traded up 1.04% during trading on Wednesday, reaching $50.52. 1,722,659 shares of the company’s stock traded hands. The company has a 50 day moving average price of $50.76 and a 200 day moving average price of $51.82. The stock has a market capitalization of $7.03 billion, a PE ratio of 22.10 and a beta of 1.74. Fluor Corp. has a 1-year low of $39.48 and a 1-year high of $55.69.
Fluor Corp. (NYSE:FLR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.16. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fluor Corp. had a return on equity of 15.45% and a net margin of 1.81%. Fluor Corp.’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 earnings per share. On average, equities analysts forecast that Fluor Corp. will post $3.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 2nd were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. Fluor Corp.’s dividend payout ratio (DPR) is presently 37.00%.
A number of equities research analysts have recently issued reports on FLR shares. Zacks Investment Research lowered shares of Fluor Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Credit Suisse Group AG set a $59.00 target price on shares of Fluor Corp. and gave the stock a “buy” rating in a report on Wednesday, August 31st. MKM Partners initiated coverage on shares of Fluor Corp. in a research report on Wednesday, June 29th. They set a “neutral” rating and a $52.00 price target on the stock. DA Davidson reissued a “buy” rating on shares of Fluor Corp. in a research report on Friday, August 5th. Finally, Bank of America Corp. reissued a “sell” rating and set a $50.00 price target on shares of Fluor Corp. in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Fluor Corp. currently has an average rating of “Hold” and a consensus price target of $53.00.
About Fluor Corp.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.
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