GW Henssler & Associates Ltd. Buys New Position in Fluor Corp. (FLR)
GW Henssler & Associates Ltd. acquired a new stake in shares of Fluor Corp. (NYSE:FLR) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,697 shares of the company’s stock, valued at approximately $231,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI increased its position in Fluor Corp. by 11.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,006 shares of the company’s stock valued at $108,000 after buying an additional 200 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of Fluor Corp. by 107.3% in the first quarter. BlueMountain Capital Management LLC now owns 2,303 shares of the company’s stock valued at $124,000 after buying an additional 1,192 shares during the last quarter. Optimum Investment Advisors bought a new stake in shares of Fluor Corp. during the first quarter valued at approximately $204,000. Reynolds Capital Management LLC bought a new stake in shares of Fluor Corp. during the first quarter valued at approximately $204,000. Finally, ING Groep NV bought a new stake in shares of Fluor Corp. during the second quarter valued at approximately $243,000. 84.33% of the stock is owned by institutional investors.
Fluor Corp. (NYSE:FLR) traded up 0.73% during midday trading on Monday, reaching $49.76. The company had a trading volume of 1,342,213 shares. The stock has a market capitalization of $6.93 billion, a PE ratio of 21.77 and a beta of 1.74. Fluor Corp. has a 12-month low of $39.48 and a 12-month high of $55.69. The company has a 50-day moving average of $50.50 and a 200-day moving average of $51.77.
Fluor Corp. (NYSE:FLR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.16. The business earned $4.86 billion during 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 prior year, the business posted $1.00 earnings per share. On average, analysts predict that Fluor Corp. will post $3.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 2nd were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.69%. Fluor Corp.’s dividend payout ratio is currently 37.00%.
FLR has been the topic of several analyst reports. Zacks Investment Research cut 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 Fluor Corp. and gave the company a “buy” rating in a report on Wednesday, August 31st. MKM Partners initiated coverage on Fluor Corp. in a report on Wednesday, June 29th. They issued a “neutral” rating and a $52.00 target price on the stock. DA Davidson reiterated a “buy” rating on shares of Fluor Corp. in a report on Friday, August 5th. Finally, Bank of America Corp. reiterated a “sell” rating and issued a $50.00 target price on shares of Fluor Corp. in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.80.
Fluor Corp. Company Profile
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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