Nisa Investment Advisors LLC lessened its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 22.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,114 shares of the construction company’s stock after selling 7,390 shares during the period. Nisa Investment Advisors LLC’s holdings in Fluor Co. (NEW) were worth $880,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FLR. Rehmann Capital Advisory Group lifted its holdings in shares of Fluor Co. (NEW) by 133.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 730 shares of the construction company’s stock valued at $27,000 after purchasing an additional 417 shares in the last quarter. First Manhattan Co. lifted its holdings in shares of Fluor Co. (NEW) by 51.2% during the 1st quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock valued at $33,000 after purchasing an additional 308 shares in the last quarter. Institutional & Family Asset Management LLC lifted its holdings in shares of Fluor Co. (NEW) by 211.7% during the 1st quarter. Institutional & Family Asset Management LLC now owns 957 shares of the construction company’s stock valued at $35,000 after purchasing an additional 650 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Fluor Co. (NEW) by 50.8% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,292 shares of the construction company’s stock valued at $48,000 after purchasing an additional 435 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Fluor Co. (NEW) by 248.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,633 shares of the construction company’s stock valued at $53,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Shares of NYSE:FLR traded up $0.69 during trading on Tuesday, hitting $32.50. 60,961 shares of the company were exchanged, compared to its average volume of 1,345,970. The stock has a market capitalization of $4.43 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.50 and a beta of 2.04. Fluor Co. has a fifty-two week low of $27.69 and a fifty-two week high of $60.60. The firm has a fifty day simple moving average of $31.36. The company has a current ratio of 1.49, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results 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). The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.80 billion. Fluor Co. (NEW) had a return on equity of 8.90% and a net margin of 0.99%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. As a group, sell-side analysts predict that Fluor Co. will post 1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 39.07%.

In other Fluor Co. (NEW) news, insider Alan L. Boeckmann bought 16,000 shares of Fluor Co. (NEW) stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $29.81 per share, for a total transaction of $476,960.00. Following the purchase, the insider now owns 17,250 shares of the company’s stock, valued at approximately $514,222.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carlos M. Hernandez bought 17,001 shares of Fluor Co. (NEW) stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $29.52 per share, with a total value of $501,869.52. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

FLR has been the topic of several recent analyst reports. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. MKM Partners set a $39.00 price objective on Fluor Co. (NEW) and gave the company a “hold” rating in a report on Friday, April 5th. Canaccord Genuity reiterated a “buy” rating and set a GBX 620 ($8.10) price objective on shares of in a report on Wednesday, July 10th. DA Davidson dropped their target price on Sally Beauty to $16.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Finally, ValuEngine raised WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.73.

Fluor Co. (NEW) Company 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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