Impala Asset Management LLC raised its holdings in Fluor Co. (NEW) (NYSE:FLR) by 108.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 548,404 shares of the construction company’s stock after purchasing an additional 285,564 shares during the period. Fluor Co. (NEW) makes up about 1.1% of Impala Asset Management LLC’s portfolio, making the stock its 25th largest holding. Impala Asset Management LLC’s holdings in Fluor Co. (NEW) were worth $20,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Fluor Co. (NEW) by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 14,347,886 shares of the construction company’s stock worth $833,612,000 after acquiring an additional 175,647 shares during the period. BlackRock Inc. increased its position in Fluor Co. (NEW) by 11.2% during the 1st quarter. BlackRock Inc. now owns 10,776,759 shares of the construction company’s stock worth $396,583,000 after purchasing an additional 1,083,079 shares in the last quarter. FMR LLC increased its position in Fluor Co. (NEW) by 0.9% during the 4th quarter. FMR LLC now owns 5,335,346 shares of the construction company’s stock worth $171,799,000 after purchasing an additional 47,411 shares in the last quarter. Sound Shore Management Inc. CT increased its position in Fluor Co. (NEW) by 40.5% during the 4th quarter. Sound Shore Management Inc. CT now owns 3,153,230 shares of the construction company’s stock worth $101,534,000 after purchasing an additional 908,546 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Fluor Co. (NEW) by 2,214.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,326,643 shares of the construction company’s stock worth $72,000 after purchasing an additional 2,226,117 shares in the last quarter. 91.37% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Carlos M. Hernandez acquired 17,001 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $29.52 per share, for a total transaction of $501,869.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jose Luis M. Bustamante sold 2,737 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $37.06, for a total transaction of $101,433.22. Following the sale, the executive vice president now owns 73,409 shares of the company’s stock, valued at $2,720,537.54. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Shares of FLR traded up $0.41 during trading hours on Tuesday, hitting $28.61. 805,003 shares of the stock were exchanged, compared to its average volume of 2,583,800. Fluor Co. has a fifty-two week low of $27.69 and a fifty-two week high of $60.60. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The stock has a market cap of $3.88 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). Fluor Co. (NEW) had a return on equity of 8.90% and a net margin of 0.99%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the company earned $0.56 earnings per share. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. Sell-side analysts anticipate that Fluor Co. will post 1.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 39.07%.

A number of equities analysts recently issued reports on FLR shares. UBS Group lowered their price objective on shares of Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Citigroup decreased their price target on shares of Fluor Co. (NEW) from $56.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Credit Suisse Group restated a “buy” rating and issued a $56.00 price target on shares of Fluor Co. (NEW) in a research report on Monday, February 11th. MKM Partners set a $39.00 price target on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.45.

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Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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

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