Dimensional Fund Advisors LP lessened its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 2,049,936 shares of the construction company’s stock after selling 6,030 shares during the period. Dimensional Fund Advisors LP’s holdings in Fluor Co. (NEW) were worth $99,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership increased its holdings in Fluor Co. (NEW) by 2.4% during the 1st quarter. Artisan Partners Limited Partnership now owns 5,329,940 shares of the construction company’s stock worth $304,979,000 after purchasing an additional 123,529 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Fluor Co. (NEW) by 11.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,738,292 shares of the construction company’s stock worth $231,133,000 after purchasing an additional 475,286 shares in the last quarter. Boston Partners increased its holdings in Fluor Co. (NEW) by 2.5% during the 2nd quarter. Boston Partners now owns 1,983,921 shares of the construction company’s stock worth $96,776,000 after purchasing an additional 47,578 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Fluor Co. (NEW) by 111.9% during the 1st quarter. OppenheimerFunds Inc. now owns 1,719,912 shares of the construction company’s stock worth $98,414,000 after buying an additional 908,181 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Fluor Co. (NEW) by 14.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,469,011 shares of the construction company’s stock worth $71,658,000 after buying an additional 182,490 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

FLR has been the subject of a number of recent research reports. TheStreet upgraded shares of Fluor Co. (NEW) from a “c” rating to a “b-” rating in a research note on Thursday, August 2nd. Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. UBS Group upgraded shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $48.00 to $69.00 in a research note on Monday, August 13th. ValuEngine upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, July 4th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Fluor Co. (NEW) has an average rating of “Buy” and a consensus target price of $56.29.

Fluor Co. (NEW) stock opened at $56.97 on Tuesday. Fluor Co. has a one year low of $39.12 and a one year high of $62.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.03. The stock has a market cap of $7.89 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 0.71 and a beta of 1.50.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, August 2nd. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.11. Fluor Co. (NEW) had a net margin of 1.28% and a return on equity of 11.63%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the business posted $0.72 EPS. Fluor Co. (NEW)’s revenue was up 3.6% on a year-over-year basis. sell-side analysts expect that Fluor Co. will post 2.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Tuesday, September 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.84 annualized dividend and a yield of 1.47%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 51.53%.

Fluor Co. (NEW) Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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