Advisors Asset Management Inc. trimmed its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 24.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,069 shares of the construction company’s stock after selling 21,444 shares during the quarter. Advisors Asset Management Inc.’s holdings in Fluor Co. (NEW) were worth $4,268,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. California Public Employees Retirement System increased its position in shares of Fluor Co. (NEW) by 13.3% during the second quarter. California Public Employees Retirement System now owns 415,322 shares of the construction company’s stock worth $20,259,000 after purchasing an additional 48,874 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Fluor Co. (NEW) by 56.6% during the second quarter. Pin Oak Investment Advisors Inc. now owns 4,385 shares of the construction company’s stock worth $214,000 after purchasing an additional 1,585 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Fluor Co. (NEW) during the second quarter worth approximately $163,000. Zacks Investment Management increased its position in shares of Fluor Co. (NEW) by 13.0% during the second quarter. Zacks Investment Management now owns 58,329 shares of the construction company’s stock worth $2,845,000 after purchasing an additional 6,696 shares in the last quarter. Finally, Arrowgrass Capital Partners US LP purchased a new stake in shares of Fluor Co. (NEW) during the second quarter worth approximately $6,829,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Several analysts recently commented on FLR shares. ValuEngine upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, July 4th. TheStreet upgraded Fluor Co. (NEW) from a “c” rating to a “b-” rating in a research report on Thursday, August 2nd. Canaccord Genuity upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Finally, Barclays set a $60.00 price target on Fluor Co. (NEW) and gave the stock a “hold” rating in a research report on Tuesday, May 29th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.86.

NYSE FLR opened at $59.43 on Monday. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 0.76 and a beta of 1.50. The company has a current ratio of 1.45, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. Fluor Co. has a fifty-two week low of $40.70 and a fifty-two week high of $62.09.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.58 billion. Fluor Co. (NEW) had a return on equity of 11.63% and a net margin of 1.28%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. equities analysts anticipate that Fluor Co. will post 2.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 4th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, August 31st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 51.53%.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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

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