W. E. Donoghue & Co. LLC Takes Position in Fluor Co. (NEW) (FLR)
W. E. Donoghue & Co. LLC bought a new stake in Fluor Co. (NEW) (NYSE:FLR) in the 4th quarter, HoldingsChannel.com reports. The fund bought 51,900 shares of the construction company’s stock, valued at approximately $2,681,000.
A number of other institutional investors also recently bought and sold shares of FLR. Balentine LLC increased its holdings in Fluor Co. (NEW) by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock valued at $118,000 after purchasing an additional 1,393 shares during the last quarter. American Beacon Advisors Inc. acquired a new stake in Fluor Co. (NEW) in the 4th quarter valued at approximately $120,000. SeaCrest Wealth Management LLC acquired a new stake in Fluor Co. (NEW) in the 4th quarter valued at approximately $135,000. Mission Wealth Management LP acquired a new stake in Fluor Co. (NEW) in the 4th quarter valued at approximately $201,000. Finally, Fort Pitt Capital Group LLC acquired a new stake in Fluor Co. (NEW) in the 4th quarter valued at approximately $202,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Fluor Co. (NYSE FLR) opened at $56.59 on Friday. The company has a market cap of $7,804.03, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.57 and a quick ratio of 1.16. Fluor Co. has a 12 month low of $37.04 and a 12 month high of $62.09.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 1st will be paid a $0.21 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 61.76%.
Several research firms recently weighed in on FLR. TheStreet upgraded shares of Fluor Co. (NEW) from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Barclays began coverage on shares of Fluor Co. (NEW) in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $54.00 target price for the company. ValuEngine upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday. Citigroup lifted their target price on shares of Fluor Co. (NEW) from $53.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, KeyCorp reiterated an “overweight” rating and issued a $64.00 target price (up previously from $61.00) on shares of Fluor Co. (NEW) in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.00.
In related news, Chairman David Thomas Seaton sold 50,000 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $56.72, for a total transaction of $2,836,000.00. Following the completion of the transaction, the chairman now owns 302,312 shares in the company, valued at $17,147,136.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robin K. Chopra sold 5,553 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.49, for a total transaction of $319,241.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,200 shares of company stock valued at $6,086,916. Insiders own 1.30% of the company’s stock.
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Fluor Co. (NEW) 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.
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