Teacher Retirement System of Texas Sells 24,091 Shares of Fluor Corporation (FLR)
Teacher Retirement System of Texas lowered its holdings in Fluor Corporation (NYSE:FLR) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,867 shares of the construction company’s stock after selling 24,091 shares during the quarter. Teacher Retirement System of Texas owned 0.21% of Fluor Corporation worth $12,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. CI Global Investments Inc. boosted 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 acquiring an additional 1,890,300 shares during the period. Becker Capital Management Inc. acquired a new position in shares of Fluor Corporation during the third quarter worth $26,858,000. Janus Henderson Group PLC boosted its stake in Fluor Corporation by 4,064.5% in the second quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock valued at $26,460,000 after acquiring an additional 564,113 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Fluor Corporation by 1,807.7% during 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. Finally, BlackRock Inc. raised its stake in Fluor Corporation by 4.7% during the second quarter. BlackRock Inc. now owns 9,447,760 shares of the construction company’s stock worth $432,519,000 after purchasing an additional 422,641 shares during the period. 82.71% of the stock is owned by institutional investors and hedge funds.
Shares of Fluor Corporation (NYSE FLR) traded up $0.19 during midday trading on Friday, reaching $46.61. The company’s stock had a trading volume of 97,322 shares, compared to its average volume of 1,425,342. Fluor Corporation has a fifty-two week low of $37.03 and a fifty-two week high of $58.37. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. The company has a market cap of $6,332.15, a P/E ratio of 16.28, a P/E/G ratio of 3.16 and a beta of 1.42.
Fluor Corporation (NYSE:FLR) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. Fluor Corporation had a return on equity of 11.69% and a net margin of 1.03%. The business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the company earned $0.03 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. equities research analysts predict that Fluor Corporation will post 1.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.84 annualized dividend and a yield of 1.80%. Fluor Corporation’s dividend payout ratio is currently 58.74%.
A number of analysts have recently weighed in on FLR shares. Zacks Investment Research upgraded shares of Fluor Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. UBS AG lifted their price objective on shares of Fluor Corporation from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Canaccord Genuity reissued a “buy” rating and set a $54.00 target price on shares of Fluor Corporation in a report on Monday, November 6th. Credit Suisse Group dropped their price target on Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Finally, Robert W. Baird boosted their target price on Fluor Corporation from $40.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.45.
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About Fluor Corporation
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.
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