Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Fluor Corporation (NYSE:FLR) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,678 shares of the construction company’s stock after acquiring an additional 11,791 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.07% of Fluor Corporation worth $4,154,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FLR. Thrivent Financial For Lutherans increased its stake in shares of Fluor Corporation by 6.7% during the first quarter. Thrivent Financial For Lutherans now owns 5,130 shares of the construction company’s stock worth $270,000 after acquiring an additional 320 shares during the period. Bank of Montreal Can increased its stake in shares of Fluor Corporation by 12.2% during the second quarter. Bank of Montreal Can now owns 41,045 shares of the construction company’s stock worth $1,879,000 after acquiring an additional 4,463 shares during the period. Gateway Investment Advisers LLC increased its stake in shares of Fluor Corporation by 2.5% during the second quarter. Gateway Investment Advisers LLC now owns 8,806 shares of the construction company’s stock worth $403,000 after acquiring an additional 216 shares during the period. Fisher Asset Management LLC increased its stake in shares of Fluor Corporation by 4.4% during the second quarter. Fisher Asset Management LLC now owns 14,169 shares of the construction company’s stock worth $649,000 after acquiring an additional 597 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Fluor Corporation by 10.3% during the second quarter. State of Alaska Department of Revenue now owns 4,074 shares of the construction company’s stock worth $186,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 82.30% of the company’s stock.

Shares of Fluor Corporation (NYSE:FLR) opened at $47.18 on Tuesday. The company has a market cap of $6,530.00, a P/E ratio of 16.80, a PEG ratio of 3.26 and a beta of 1.42. Fluor Corporation has a 1 year low of $37.03 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.

Fluor Corporation (NYSE:FLR) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 earnings per share. sell-side analysts predict that Fluor Corporation will post 1.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.78%. Fluor Corporation’s dividend payout ratio is presently 58.74%.

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A number of research analysts have recently issued reports on FLR shares. Deutsche Bank AG lowered shares of Fluor Corporation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $55.00 to $40.00 in a research note on Friday, August 4th. DA Davidson lowered shares of Fluor Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $48.00 in a research note on Friday, August 4th. Canaccord Genuity set a $48.00 price target on shares of Fluor Corporation and gave the stock a “buy” rating in a research note on Sunday, August 6th. Johnson Rice lowered shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. Finally, Robert W. Baird restated a “hold” rating and set a $40.00 target price on shares of Fluor Corporation in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $47.45.

About Fluor Corporation

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.

Institutional Ownership by Quarter for Fluor Corporation (NYSE:FLR)

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