Fluor Corporation (NYSE:FLR) Shares Bought by Insight 2811 Inc.
Insight 2811 Inc. increased its position in shares of Fluor Corporation (NYSE:FLR) by 5.9% during the second quarter, Holdings Channel reports. The fund owned 22,533 shares of the construction company’s stock after buying an additional 1,254 shares during the period. Fluor Corporation makes up about 0.8% of Insight 2811 Inc.’s portfolio, making the stock its 17th largest position. Insight 2811 Inc.’s holdings in Fluor Corporation were worth $1,032,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLR. Harbour Capital Advisors LLC bought a new position in Fluor Corporation during the first quarter worth $124,000. Huntington National Bank boosted its position in Fluor Corporation by 24.2% in the first quarter. Huntington National Bank now owns 2,727 shares of the construction company’s stock worth $143,000 after buying an additional 531 shares during the last quarter. Smithfield Trust Co. boosted its position in Fluor Corporation by 393.3% in the second quarter. Smithfield Trust Co. now owns 3,700 shares of the construction company’s stock worth $169,000 after buying an additional 2,950 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Fluor Corporation during the first quarter worth $175,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Fluor Corporation by 3.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,714 shares of the construction company’s stock worth $183,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.
Shares of Fluor Corporation (NYSE:FLR) opened at 39.18 on Tuesday. The stock has a 50 day moving average of $45.12 and a 200-day moving average of $50.11. The stock has a market cap of $5.48 billion, a PE ratio of 23.18 and a beta of 1.39. Fluor Corporation has a 52 week low of $39.17 and a 52 week high of $58.37.
Fluor Corporation (NYSE:FLR) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts predict that Fluor Corporation will post $1.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, August 31st. Fluor Corporation’s dividend payout ratio is presently 106.33%.
FLR has been the topic of a number of research analyst reports. Johnson Rice cut shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and set a $48.00 target price on the stock. in a research note on Monday. DA Davidson upgraded shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Thursday, June 1st. Canaccord Genuity upgraded shares of Fluor Corporation from a “hold” rating to a “buy” rating and dropped their price target for the company from $57.00 to $55.00 in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Fluor Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Monday, May 1st. Finally, Credit Suisse Group set a $59.00 price target on shares of Fluor Corporation and gave the company a “hold” rating in a research note on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Fluor Corporation presently has a consensus rating of “Hold” and a consensus target price of $50.80.
About Fluor Corporation
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.
Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Corporation (NYSE:FLR).
Receive News & Ratings for Fluor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.