Canada Pension Plan Investment Board lifted its position in Fluor Corporation (NYSE:FLR) by 104.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,653 shares of the construction company’s stock after acquiring an additional 77,342 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.11% of Fluor Corporation worth $6,385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its stake in shares of Fluor Corporation by 15.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,761 shares of the construction company’s stock worth $832,000 after acquiring an additional 2,592 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Fluor Corporation by 35.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock worth $1,872,000 after acquiring an additional 10,782 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in shares of Fluor Corporation by 105.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock worth $2,130,000 after acquiring an additional 23,837 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Fluor Corporation by 14.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock worth $56,466,000 after acquiring an additional 156,705 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Fluor Corporation by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock worth $36,490,000 after acquiring an additional 7,877 shares in the last quarter. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Several equities analysts recently weighed in on FLR shares. Robert W. Baird restated a “hold” rating and set a $40.00 price target on shares of Fluor Corporation in a research report on Tuesday, September 5th. DA Davidson lowered shares of Fluor Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $48.00 in a research report on Friday, August 4th. KeyCorp restated a “buy” rating and set a $50.00 price target on shares of Fluor Corporation in a research report on Friday, September 22nd. Canaccord Genuity set a $48.00 price target on shares of Fluor Corporation and gave the company a “buy” rating in a research report on Sunday, August 6th. Finally, Citigroup Inc. set a $53.00 price target on shares of Fluor Corporation and gave the company a “buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.45.

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Fluor Corporation (NYSE:FLR) opened at $46.68 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6,579.73, a PE ratio of 16.92, a price-to-earnings-growth ratio of 3.28 and a beta of 1.42. Fluor Corporation has a 1 year low of $37.03 and a 1 year high of $58.37.

Fluor Corporation (NYSE:FLR) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. sell-side analysts expect that Fluor Corporation will post 1.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Monday, December 4th. Fluor Corporation’s payout ratio is 58.74%.

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.

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

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