Insight 2811 Inc. Decreases Holdings in Fluor Co. (NEW) (FLR)
Insight 2811 Inc. trimmed its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,778 shares of the construction company’s stock after selling 9,021 shares during the period. Insight 2811 Inc.’s holdings in Fluor Co. (NEW) were worth $669,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in FLR. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Fluor Co. (NEW) in the fourth quarter valued at $547,000. Calamos Advisors LLC acquired a new stake in shares of Fluor Co. (NEW) in the fourth quarter valued at $18,773,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fluor Co. (NEW) in the third quarter valued at $1,755,000. First Hawaiian Bank raised its stake in shares of Fluor Co. (NEW) by 8.2% in the fourth quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock valued at $127,000 after acquiring an additional 300 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in shares of Fluor Co. (NEW) in the third quarter valued at $1,083,000. Institutional investors own 88.13% of the company’s stock.
FLR has been the topic of several analyst reports. MKM Partners reiterated a “neutral” rating and issued a $39.00 price objective on shares of Fluor Co. (NEW) in a research note on Tuesday, January 8th. Goldman Sachs Group cut Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the company from $59.00 to $44.00 in a research note on Wednesday, December 12th. Zacks Investment Research upgraded Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. ValuEngine cut Fluor Co. (NEW) from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $56.00 price objective on shares of Fluor Co. (NEW) in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $54.69.
NYSE:FLR traded up $0.42 during trading hours on Thursday, hitting $36.48. The company’s stock had a trading volume of 310,443 shares, compared to its average volume of 1,322,459. The firm has a market capitalization of $5.02 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.10. Fluor Co. has a 52-week low of $29.78 and a 52-week high of $62.08.
Fluor Co. (NEW) (NYSE:FLR) last posted its earnings results on Thursday, February 21st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.61 by $0.16. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.86 billion. Fluor Co. (NEW) had a return on equity of 11.98% and a net margin of 1.17%. Fluor Co. (NEW)’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities analysts anticipate that Fluor Co. will post 2.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, March 1st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 39.07%.
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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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