Natixis Advisors L.P. lifted its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,209 shares of the construction company’s stock after acquiring an additional 2,843 shares during the period. Natixis Advisors L.P. owned approximately 0.13% of Fluor Co. (NEW) worth $6,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Clearbridge Investments LLC raised its position in Fluor Co. (NEW) by 23.0% during the first quarter. Clearbridge Investments LLC now owns 11,891,068 shares of the construction company’s stock valued at $437,591,000 after purchasing an additional 2,222,261 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Fluor Co. (NEW) by 39.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,864,553 shares of the construction company’s stock valued at $197,577,000 after purchasing an additional 1,655,100 shares in the last quarter. BlackRock Inc. increased its stake in shares of Fluor Co. (NEW) by 11.2% in the 1st quarter. BlackRock Inc. now owns 10,776,759 shares of the construction company’s stock valued at $396,583,000 after purchasing an additional 1,083,079 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Fluor Co. (NEW) by 2,152.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,056,043 shares of the construction company’s stock valued at $35,578,000 after purchasing an additional 1,009,149 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Fluor Co. (NEW) by 104.4% in the 2nd quarter. Prudential Financial Inc. now owns 1,811,965 shares of the construction company’s stock valued at $61,045,000 after purchasing an additional 925,489 shares during the last quarter. 89.88% of the stock is owned by institutional investors.

FLR stock traded up $0.10 during midday trading on Wednesday, reaching $20.85. 986,925 shares of the stock were exchanged, compared to its average volume of 2,975,977. The stock has a market capitalization of $2.94 billion, a PE ratio of 9.70 and a beta of 2.19. Fluor Co. has a 52 week low of $16.25 and a 52 week high of $60.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 0.97. The company has a fifty day moving average price of $21.45 and a 200 day moving average price of $31.05.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19). Fluor Co. (NEW) had a positive return on equity of 7.09% and a negative net margin of 2.74%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same period in the previous year, the company earned $0.81 EPS. Fluor Co. (NEW)’s revenue for the quarter was down 16.2% on a year-over-year basis. As a group, analysts anticipate that Fluor Co. will post 0.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, September 3rd. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 39.07%.

FLR has been the subject of several recent analyst reports. Citigroup dropped their price objective on Fluor Co. (NEW) from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Bank of America initiated coverage on Fluor Co. (NEW) in a research report on Thursday, August 22nd. They issued an “underperform” rating and a $17.00 target price on the stock. Barclays reiterated a “hold” rating and issued a $28.00 target price on shares of Fluor Co. (NEW) in a research report on Sunday, August 4th. TheStreet downgraded Fluor Co. (NEW) from a “c” rating to a “d+” rating in a research note on Friday, August 2nd. Finally, Credit Suisse Group dropped their target price on shares of Fluor Co. (NEW) from $41.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Fluor Co. (NEW) currently has a consensus rating of “Hold” and a consensus target price of $34.45.

About Fluor Co. (NEW)

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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