First Trust Advisors LP lessened its holdings in Fluor Co. (NEW) (NYSE:FLR) by 6.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,026 shares of the construction company’s stock after selling 1,358 shares during the quarter. First Trust Advisors LP’s holdings in Fluor Co. (NEW) were worth $1,222,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Ingalls & Snyder LLC purchased a new position in shares of Fluor Co. (NEW) in the 3rd quarter valued at about $234,000. Leonard Rickey Investment Advisors P.L.L.C. purchased a new position in shares of Fluor Co. (NEW) in the 3rd quarter valued at about $234,000. Guardian Investment Management increased its stake in shares of Fluor Co. (NEW) by 34.5% in the 3rd quarter. Guardian Investment Management now owns 22,600 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 5,800 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Fluor Co. (NEW) by 19.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 12,777 shares of the construction company’s stock valued at $300,000 after purchasing an additional 2,087 shares in the last quarter. Finally, Winslow Asset Management Inc. increased its stake in shares of Fluor Co. (NEW) by 1.9% in the 3rd quarter. Winslow Asset Management Inc. now owns 105,462 shares of the construction company’s stock valued at $6,127,000 after purchasing an additional 2,016 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

In other news, Chairman David Thomas Seaton acquired 5,158 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average cost of $48.52 per share, for a total transaction of $250,266.16. Following the purchase, the chairman now owns 301,400 shares in the company, valued at $14,623,928. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

NYSE:FLR opened at $36.53 on Friday. Fluor Co. has a 12 month low of $35.65 and a 12 month high of $62.09. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.52. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.37 and a beta of 1.64.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings data on Thursday, November 1st. The construction company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Fluor Co. (NEW)’s quarterly revenue was down 5.7% on a year-over-year basis. Equities research analysts forecast that Fluor Co. will post 2.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, December 3rd. This represents a $0.84 annualized dividend and a yield of 2.30%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 51.53%.

FLR has been the subject of several recent analyst reports. Citigroup set a $66.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. Bank of America set a $67.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. UBS Group set a $69.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. Goldman Sachs Group upgraded Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Thursday, October 18th. Finally, Canaccord Genuity upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.36.

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Fluor Co. (NEW) Profile

Fluor Corp. is a holding company engages in engineering and technology. It operates through the following segments: Energy, Chemicals & Mining, Industrial, Infrastructure & Power, Government and Diversified Services. The Energy, Chemicals & Mining Segment focuses on opportunities in the upstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas, pipeline, metals and mining markets.

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

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