Tocqueville Asset Management L.P. reduced its holdings in Fluor Co. (NEW) (NYSE:FLR) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 501,404 shares of the construction company’s stock after selling 2,175 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.36% of Fluor Co. (NEW) worth $29,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Fluor Co. (NEW) by 0.5% in the 3rd quarter. BlackRock Inc. now owns 9,689,092 shares of the construction company’s stock valued at $562,935,000 after buying an additional 43,989 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Fluor Co. (NEW) by 10.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 5,865,827 shares of the construction company’s stock valued at $286,135,000 after buying an additional 535,887 shares during the period. Ashler Capital LLC lifted its holdings in shares of Fluor Co. (NEW) by 27.2% in the 2nd quarter. Ashler Capital LLC now owns 5,099,250 shares of the construction company’s stock valued at $248,741,000 after buying an additional 1,091,110 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Fluor Co. (NEW) by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,738,292 shares of the construction company’s stock valued at $231,133,000 after buying an additional 475,286 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Fluor Co. (NEW) by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,447,328 shares of the construction company’s stock valued at $200,291,000 after buying an additional 38,674 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

FLR stock traded down $2.60 during midday trading on Wednesday, hitting $38.76. 2,087,783 shares of the stock were exchanged, compared to its average volume of 1,963,923. The stock has a market cap of $5.76 billion, a PE ratio of 23.78, a P/E/G ratio of 0.39 and a beta of 1.64. Fluor Co. has a fifty-two week low of $38.39 and a fifty-two week high of $62.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.52.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings results on Thursday, November 1st. The construction company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. As a group, equities research analysts predict that Fluor Co. will post 2.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Monday, December 3rd. Fluor Co. (NEW)’s payout ratio is 51.53%.

Several analysts have recently commented on FLR shares. Citigroup set a $66.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a report on Thursday, October 11th. Bank of America set a $67.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a report on Thursday, October 11th. UBS Group set a $69.00 price target on Fluor Co. (NEW) and gave the company a “buy” rating in a report on Thursday, October 11th. Goldman Sachs Group raised Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, October 18th. Finally, Canaccord Genuity raised Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Fluor Co. (NEW) has a consensus rating of “Hold” and an average target price of $58.36.

In related news, Chairman David Thomas Seaton purchased 5,158 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average price of $48.52 per share, with a total value of $250,266.16. Following the completion of the transaction, the chairman now owns 301,400 shares of the company’s stock, valued at approximately $14,623,928. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

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Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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