Texas Permanent School Fund lowered its stake in Fluor Co. (NEW) (NYSE:FLR) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,294 shares of the construction company’s stock after selling 3,274 shares during the quarter. Texas Permanent School Fund’s holdings in Fluor Co. (NEW) were worth $911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FLR. Synovus Financial Corp lifted its position in Fluor Co. (NEW) by 542.5% in the fourth quarter. Synovus Financial Corp now owns 1,150 shares of the construction company’s stock valued at $37,000 after buying an additional 971 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Fluor Co. (NEW) in the fourth quarter valued at about $64,000. Oregon Public Employees Retirement Fund lifted its position in Fluor Co. (NEW) by 2,214.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,326,643 shares of the construction company’s stock valued at $72,000 after buying an additional 2,226,117 shares during the last quarter. We Are One Seven LLC acquired a new position in Fluor Co. (NEW) in the fourth quarter valued at about $73,000. Finally, Penserra Capital Management LLC lifted its position in Fluor Co. (NEW) by 163.3% in the fourth quarter. Penserra Capital Management LLC now owns 3,712 shares of the construction company’s stock valued at $118,000 after buying an additional 2,302 shares during the last quarter. 88.05% of the stock is currently owned by institutional investors.

In other Fluor Co. (NEW) news, insider Ray F. Barnard sold 7,515 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $37.57, for a total value of $282,338.55. Following the completion of the sale, the insider now owns 86,572 shares of the company’s stock, valued at $3,252,510.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jose Luis M. Bustamante sold 2,737 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $37.06, for a total value of $101,433.22. Following the completion of the sale, the executive vice president now directly owns 73,409 shares of the company’s stock, valued at approximately $2,720,537.54. The disclosure for this sale can be found here. Insiders have sold 13,570 shares of company stock worth $506,670 over the last 90 days. Insiders own 1.40% of the company’s stock.

NYSE:FLR traded up $0.35 on Monday, reaching $38.09. 131,833 shares of the company’s stock were exchanged, compared to its average volume of 1,894,000. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.10. The firm has a market capitalization of $5.27 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.76. Fluor Co. has a 52-week low of $29.78 and a 52-week high of $62.08.

Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, February 21st. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.16. Fluor Co. (NEW) had a net margin of 1.17% and a return on equity of 11.98%. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Analysts expect that Fluor Co. will post 2.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 4th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.21%. Fluor Co. (NEW)’s payout ratio is 39.07%.

A number of analysts have issued reports on FLR shares. ValuEngine lowered shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. Deutsche Bank cut their price target on shares of Fluor Co. (NEW) from $54.00 to $49.00 and set a “hold” rating on the stock in a research note on Tuesday, November 20th. MKM Partners reiterated a “neutral” rating and set a $39.00 price target on shares of Fluor Co. (NEW) in a research note on Tuesday, January 8th. Goldman Sachs Group lowered shares of Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and cut their price target for the stock from $59.00 to $44.00 in a research note on Wednesday, December 12th. Finally, Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.69.

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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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