Creative Financial Designs Inc. ADV lowered its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 47.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,341 shares of the construction company’s stock after selling 22,940 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Fluor Co. (NEW) were worth $933,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in FLR. Semmax Financial Advisors Inc. acquired a new stake in Fluor Co. (NEW) in the 4th quarter valued at approximately $33,000. First Manhattan Co. raised its position in Fluor Co. (NEW) by 51.2% in the 1st quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock valued at $33,000 after buying an additional 308 shares during the last quarter. Synovus Financial Corp raised its position in Fluor Co. (NEW) by 542.5% in the 4th quarter. Synovus Financial Corp now owns 1,150 shares of the construction company’s stock valued at $37,000 after buying an additional 971 shares during the last quarter. CSat Investment Advisory L.P. raised its position in Fluor Co. (NEW) by 248.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,633 shares of the construction company’s stock valued at $53,000 after buying an additional 1,165 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Fluor Co. (NEW) in the 4th quarter valued at approximately $64,000. 88.13% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on the company. ValuEngine raised Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating and set a $56.00 price target on shares of Fluor Co. (NEW) in a research report on Monday, February 11th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $39.00 price target on shares of Fluor Co. (NEW) in a research report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $54.69.
In other news, insider Ray F. Barnard sold 3,318 shares of Fluor Co. (NEW) stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $37.04, for a total transaction of $122,898.72. Following the completion of the transaction, the insider now directly owns 75,739 shares in the company, valued at approximately $2,805,372.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ray F. Barnard sold 7,515 shares of Fluor Co. (NEW) stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $37.57, for a total value of $282,338.55. Following the transaction, the insider now owns 86,572 shares of the company’s stock, valued at $3,252,510.04. The disclosure for this sale can be found here. Insiders have sold a total of 13,570 shares of company stock valued at $506,670 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.
Shares of NYSE:FLR traded up $0.21 during trading on Tuesday, hitting $41.56. 790,214 shares of the company were exchanged, compared to its average volume of 1,662,875. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.88 and a beta of 1.76. Fluor Co. has a fifty-two week low of $29.78 and a fifty-two week high of $62.08. The company has a quick ratio of 1.10, a current ratio of 1.53 and a debt-to-equity ratio of 0.53.
Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, February 21st. The construction company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.16. Fluor Co. (NEW) had a return on equity of 11.98% and a net margin of 1.17%. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, analysts anticipate that Fluor Co. will post 2.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.
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About Fluor Co. (NEW)
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.
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