Public Sector Pension investment Board decreased its stake in Fluor Corporation (NYSE:FLR) by 51.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,292 shares of the construction company’s stock after selling 16,300 shares during the period. Public Sector Pension investment Board’s holdings in Fluor Corporation were worth $700,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Fluor Corporation by 3,137.9% in the first quarter. BlackRock Inc. now owns 9,025,119 shares of the construction company’s stock worth $474,903,000 after purchasing an additional 8,746,386 shares in the last quarter. CI Global Investments Inc. increased its stake in shares of Fluor Corporation by 66.8% in the second quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock worth $216,165,000 after purchasing an additional 1,890,300 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Fluor Corporation by 1,807.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock worth $26,482,000 after purchasing an additional 509,200 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Fluor Corporation by 4.1% in the first quarter. Clearbridge Investments LLC now owns 12,415,798 shares of the construction company’s stock worth $653,319,000 after purchasing an additional 487,187 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Fluor Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,312,237 shares of the construction company’s stock worth $700,490,000 after purchasing an additional 460,481 shares in the last quarter. 84.51% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. DA Davidson downgraded shares of Fluor Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $48.00 in a research note on Friday, August 4th. Deutsche Bank AG downgraded shares of Fluor Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $40.00 in a research note on Friday, August 4th. KeyCorp reiterated a “buy” rating and issued a $50.00 target price on shares of Fluor Corporation in a research note on Friday, September 22nd. Finally, Johnson Rice downgraded shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and reduced their target price for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.55.

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Fluor Corporation (NYSE:FLR) opened at 42.92 on Friday. The company’s 50-day moving average is $40.02 and its 200 day moving average is $45.09. Fluor Corporation has a 52 week low of $37.04 and a 52 week high of $58.37. The stock has a market cap of $6.00 billion, a PE ratio of 53.58 and a beta of 1.40.

Fluor Corporation (NYSE:FLR) last released its earnings results on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter last year, the business earned $0.72 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, analysts expect that Fluor Corporation will post $1.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Thursday, August 31st. Fluor Corporation’s payout ratio is 106.33%.

Fluor Corporation Company Profile

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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