637,958 Shares in Fluor Corporation (FLR) Acquired by Becker Capital Management Inc.
Becker Capital Management Inc. purchased a new stake in shares of Fluor Corporation (NYSE:FLR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 637,958 shares of the construction company’s stock, valued at approximately $26,858,000. Becker Capital Management Inc. owned 0.46% of Fluor Corporation at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLR. Wellington Management Group LLP bought a new position in shares of Fluor Corporation during the 1st quarter valued at $1,648,000. Teachers Advisors LLC lifted its holdings in shares of Fluor Corporation by 26.4% during the 1st quarter. Teachers Advisors LLC now owns 482,430 shares of the construction company’s stock valued at $25,385,000 after buying an additional 100,713 shares during the period. Thrivent Financial For Lutherans lifted its holdings in shares of Fluor Corporation by 6.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 5,130 shares of the construction company’s stock valued at $270,000 after buying an additional 320 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Fluor Corporation during the 1st quarter valued at $283,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Fluor Corporation in the 1st quarter worth $268,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Canaccord Genuity restated a “buy” rating and issued a $54.00 price objective on shares of Fluor Corporation in a research note on Monday. UBS AG upped their price objective on Fluor Corporation from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird upped their price objective on Fluor Corporation from $40.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. Credit Suisse Group reduced their price objective on Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Citigroup Inc. set a $53.00 price objective on Fluor Corporation and gave the stock a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Fluor Corporation currently has an average rating of “Hold” and an average price target of $47.45.
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Shares of Fluor Corporation (FLR) traded up $1.71 during mid-day trading on Tuesday, reaching $48.57. The company’s stock had a trading volume of 2,445,348 shares, compared to its average volume of 1,490,000. Fluor Corporation has a 1-year low of $37.04 and a 1-year high of $58.37. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 1.18. The stock has a market cap of $6,790.00, a price-to-earnings ratio of 16.86, a PEG ratio of 3.66 and a beta of 1.42.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. Fluor Corporation had a return on equity of 11.69% and a net margin of 1.03%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the prior year, the business posted $0.03 EPS. Fluor Corporation’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts anticipate that Fluor Corporation will post 1.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be paid a $0.21 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.73%. Fluor Corporation’s payout ratio is presently 58.74%.
Fluor Corporation Profile
Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.
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