Fluor Corporation (FLR) Holdings Boosted by Stephens Inc. AR
Stephens Inc. AR boosted its holdings in shares of Fluor Corporation (NYSE:FLR) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,450 shares of the construction company’s stock after purchasing an additional 755 shares during the quarter. Stephens Inc. AR’s holdings in Fluor Corporation were worth $1,302,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of FLR. Strs Ohio boosted 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 in the last quarter. Commerzbank Aktiengesellschaft FI boosted 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 in the last quarter. Bank of New York Mellon Corp boosted 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 in the last quarter. Pictet Asset Management Ltd. boosted 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Fluor Corporation by 9.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,798 shares of the construction company’s stock worth $1,515,000 after purchasing an additional 2,481 shares in the last quarter. Institutional investors own 84.54% of the company’s stock.
Shares of Fluor Corporation (FLR) opened at 40.43 on Friday. The firm has a market cap of $5.66 billion, a PE ratio of 50.47 and a beta of 1.41. Fluor Corporation has a 1-year low of $37.04 and a 1-year high of $58.37. The firm’s 50-day moving average price is $39.47 and its 200 day moving average price is $46.46.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.13. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Fluor Corporation will post $1.50 EPS for the current fiscal year.
The company also recently announced 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 dividend yield of 2.08%. The ex-dividend date is Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is currently 106.33%.
A number of equities analysts have issued reports on FLR shares. DA Davidson upgraded Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, June 1st. Zacks Investment Research downgraded Fluor Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, June 12th. BidaskClub upgraded Fluor Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Deutsche Bank AG downgraded Fluor Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $40.00 in a research report on Friday, August 4th. Finally, Canaccord Genuity set a $48.00 target price on Fluor Corporation and gave the company a “buy” rating in a research report on Sunday, August 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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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