Fluor Corporation (FLR) Stake Lowered by Roundview Capital LLC
Roundview Capital LLC reduced its position in Fluor Corporation (NYSE:FLR) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 25,000 shares of the company’s stock after selling 100 shares during the period. Roundview Capital LLC’s holdings in Fluor Corporation were worth $1,313,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in FLR. Virtus Investment Advisers Inc. acquired a new position in Fluor Corporation during the third quarter worth $112,000. Huntington National Bank raised its position in Fluor Corporation by 8.2% in the third quarter. Huntington National Bank now owns 2,196 shares of the company’s stock worth $112,000 after buying an additional 166 shares during the period. Victory Capital Management Inc. raised its position in Fluor Corporation by 49.6% in the third quarter. Victory Capital Management Inc. now owns 2,659 shares of the company’s stock worth $136,000 after buying an additional 882 shares during the period. SRB Corp raised its position in Fluor Corporation by 3.9% in the third quarter. SRB Corp now owns 2,945 shares of the company’s stock worth $151,000 after buying an additional 110 shares during the period. Finally, Greenwood Capital Associates LLC acquired a new position in Fluor Corporation during the fourth quarter worth $206,000. 83.99% of the stock is owned by hedge funds and other institutional investors.
Fluor Corporation (NYSE:FLR) traded down 1.24% during midday trading on Thursday, hitting $57.45. The company had a trading volume of 1,841,004 shares. Fluor Corporation has a 1-year low of $41.90 and a 1-year high of $58.37. The firm has a market capitalization of $8.00 billion, a P/E ratio of 50.84 and a beta of 1.56. The company has a 50 day moving average price of $54.66 and a 200 day moving average price of $52.39.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Thursday, March 2nd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. Fluor Corporation’s dividend payout ratio (DPR) is 74.34%.
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A number of research firms have recently weighed in on FLR. MKM Partners set a $45.00 price objective on Fluor Corporation and gave the stock a “hold” rating in a research note on Sunday, November 6th. Canaccord Genuity reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Fluor Corporation in a research note on Friday, November 4th. Credit Suisse Group reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Fluor Corporation in a research note on Friday, February 10th. DA Davidson reaffirmed a “neutral” rating on shares of Fluor Corporation in a research note on Friday, February 10th. Finally, Citigroup Inc. raised Fluor Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, December 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.08.
Fluor Corporation Company Profile
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.
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