Tredje AP fonden decreased its position in shares of Fluor Corporation (NYSE:FLR) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,755 shares of the construction company’s stock after selling 2,426 shares during the quarter. Tredje AP fonden’s holdings in Fluor Corporation were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLR. Strs Ohio lifted its position in Fluor Corporation by 1.5% during the first quarter. Strs Ohio now owns 11,100 shares of the construction company’s stock worth $584,000 after purchasing an additional 166 shares during the period. Russell Investments Group Ltd. lifted its position in Fluor Corporation by 268.8% during the first quarter. Russell Investments Group Ltd. now owns 228,013 shares of the construction company’s stock worth $11,999,000 after purchasing an additional 166,189 shares during the period. Commerzbank Aktiengesellschaft FI lifted its position in Fluor Corporation by 21.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,840 shares of the construction company’s stock worth $307,000 after purchasing an additional 1,015 shares during the period. Bank of New York Mellon Corp lifted its position in Fluor Corporation by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 1,303,504 shares of the construction company’s stock worth $68,590,000 after purchasing an additional 17,239 shares during the period. Finally, Pictet Asset Management Ltd. lifted its position in Fluor Corporation by 21.3% during the first quarter. Pictet Asset Management Ltd. now owns 87,760 shares of the construction company’s stock worth $4,618,000 after purchasing an additional 15,400 shares during the period. 84.54% of the stock is owned by institutional investors and hedge funds.

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Fluor Corporation (NYSE FLR) opened at 40.42 on Friday. The stock has a 50 day moving average of $39.62 and a 200-day moving average of $46.57. Fluor Corporation has a 12-month low of $37.04 and a 12-month high of $58.37. The company has a market cap of $5.65 billion, a PE ratio of 50.46 and a beta of 1.41.

Fluor Corporation (NYSE:FLR) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.13. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. On average, equities research analysts anticipate that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.08%. Fluor Corporation’s dividend payout ratio (DPR) is presently 106.33%.

Several research firms recently weighed in on FLR. BidaskClub raised shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut shares of Fluor Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, June 12th. DA Davidson raised shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday, June 1st. Deutsche Bank AG cut shares of Fluor Corporation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $40.00 in a research report on Friday, August 4th. Finally, Johnson Rice cut shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $62.00 to $48.00 in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $49.18.

Fluor Corporation 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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Institutional Ownership by Quarter for Fluor Corporation (NYSE:FLR)

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