Huber Capital Management LLC reduced its position in Fluor Co. (NEW) (NYSE:FLR) by 19.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,725 shares of the construction company’s stock after selling 16,100 shares during the period. Huber Capital Management LLC’s holdings in Fluor Co. (NEW) were worth $3,761,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. San Francisco Sentry Investment Group CA grew its stake in shares of Fluor Co. (NEW) by 5,010.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock valued at $100,000 after buying an additional 2,004 shares during the last quarter. Zions Bancorporation bought a new position in shares of Fluor Co. (NEW) during the third quarter valued at approximately $122,000. Tower Research Capital LLC TRC bought a new position in shares of Fluor Co. (NEW) during the second quarter valued at approximately $163,000. Girard Partners LTD. bought a new position in shares of Fluor Co. (NEW) during the third quarter valued at approximately $203,000. Finally, Comerica Securities Inc. bought a new position in shares of Fluor Co. (NEW) during the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

A number of research analysts have recently commented on the company. MKM Partners set a $56.00 target price on Fluor Co. (NEW) and gave the company a “hold” rating in a research note on Wednesday, September 19th. UBS Group set a $69.00 target price on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. Canaccord Genuity raised Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Bank of America set a $67.00 target price on Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. Finally, Citigroup set a $66.00 price objective on Fluor Co. (NEW) and gave the stock a “buy” rating in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $58.36.

Shares of FLR opened at $38.76 on Thursday. Fluor Co. has a 12 month low of $38.39 and a 12 month high of $62.09. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.45 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 0.37 and a beta of 1.64.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings data on Thursday, November 1st. The construction company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a net margin of 1.21% and a return on equity of 11.31%. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts forecast that Fluor Co. will post 2.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.17%. Fluor Co. (NEW)’s dividend payout ratio is presently 51.53%.

In other Fluor Co. (NEW) news, Chairman David Thomas Seaton acquired 5,158 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average price of $48.52 per share, for a total transaction of $250,266.16. Following the acquisition, the chairman now owns 301,400 shares in the company, valued at approximately $14,623,928. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

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Fluor Co. (NEW) Company Profile

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.

Read More: Hedge Funds – Risk or Reward?

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

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