Raymond James & Associates increased its holdings in Fluor Co. (NEW) (NYSE:FLR) by 10.1% during the first quarter, Holdings Channel reports. The institutional investor owned 310,465 shares of the construction company’s stock after acquiring an additional 28,383 shares during the quarter. Raymond James & Associates’ holdings in Fluor Co. (NEW) were worth $11,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FLR. Semmax Financial Advisors Inc. purchased a new position in shares of Fluor Co. (NEW) in the fourth quarter worth approximately $33,000. First Manhattan Co. boosted its holdings in shares of Fluor Co. (NEW) by 51.2% in the first quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock worth $33,000 after buying an additional 308 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Fluor Co. (NEW) by 542.5% in the fourth quarter. Synovus Financial Corp now owns 1,150 shares of the construction company’s stock worth $37,000 after buying an additional 971 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in shares of Fluor Co. (NEW) by 248.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,633 shares of the construction company’s stock worth $53,000 after buying an additional 1,165 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Fluor Co. (NEW) by 181.6% in the first quarter. Quadrant Capital Group LLC now owns 1,695 shares of the construction company’s stock worth $60,000 after buying an additional 1,093 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 23rd. MKM Partners set a $39.00 price target on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a report on Friday, April 5th. ValuEngine raised shares of Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. Credit Suisse Group reaffirmed a “buy” rating and set a $56.00 price target on shares of Fluor Co. (NEW) in a report on Monday, February 11th. Finally, Macquarie raised shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Fluor Co. (NEW) has an average rating of “Hold” and an average price target of $46.45.

Shares of NYSE:FLR opened at $29.04 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53. Fluor Co. has a 1-year low of $28.00 and a 1-year high of $60.60. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.40 and a beta of 1.77.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.68). The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. Fluor Co. (NEW)’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities research analysts predict that Fluor Co. will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, May 31st. Fluor Co. (NEW)’s payout ratio is currently 39.07%.

In related news, CEO Carlos M. Hernandez acquired 17,001 shares of Fluor Co. (NEW) stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $29.52 per share, for a total transaction of $501,869.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alan L. Boeckmann acquired 16,000 shares of Fluor Co. (NEW) stock in a transaction dated Thursday, May 9th. The shares were bought at an average price of $29.81 per share, for a total transaction of $476,960.00. Following the transaction, the insider now owns 17,250 shares of the company’s stock, valued at $514,222.50. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 13,570 shares of company stock worth $506,670. Company insiders own 1.40% of the company’s stock.

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Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

Further Reading: Reverse Stock Split

Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Co. (NEW) (NYSE:FLR).

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

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