Gargoyle Investment Advisor L.L.C. held its position in Fluor Corp. (NYSE:FLR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,262 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Fluor Corp. were worth $2,231,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc RI raised its stake in Fluor Corp. by 11.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,006 shares of the company’s stock valued at $108,000 after buying an additional 200 shares during the last quarter. BlueMountain Capital Management LLC raised its stake in Fluor Corp. by 107.3% in the first quarter. BlueMountain Capital Management LLC now owns 2,303 shares of the company’s stock valued at $124,000 after buying an additional 1,192 shares during the last quarter. IFP Advisors Inc raised its stake in Fluor Corp. by 23.3% in the first quarter. IFP Advisors Inc now owns 2,801 shares of the company’s stock valued at $150,000 after buying an additional 529 shares during the last quarter. Optimum Investment Advisors acquired a new stake in Fluor Corp. during the first quarter valued at about $204,000. Finally, Reynolds Capital Management LLC acquired a new stake in Fluor Corp. during the first quarter valued at about $204,000. 84.35% of the stock is currently owned by institutional investors.
Fluor Corp. (NYSE:FLR) traded down 1.64% on Monday, hitting $50.48. 796,078 shares of the stock were exchanged. The stock has a market cap of $7.03 billion, a PE ratio of 22.08 and a beta of 1.74. The company’s 50 day moving average is $50.99 and its 200 day moving average is $51.99. Fluor Corp. has a 1-year low of $39.48 and a 1-year high of $55.69.
Fluor Corp. (NYSE:FLR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.88 by $0.16. The company earned $4.86 billion during the quarter, compared to analyst estimates of $4.73 billion. Fluor Corp. had a net margin of 1.81% and a return on equity of 15.45%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. On average, equities research analysts expect that Fluor Corp. will post $3.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 2nd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 31st. Fluor Corp.’s payout ratio is presently 37.00%.
Several equities research analysts have recently issued reports on FLR shares. MKM Partners started coverage on shares of Fluor Corp. in a research report on Wednesday, June 29th. They issued a “neutral” rating and a $52.00 price objective for the company. Credit Suisse Group AG reissued an “outperform” rating and issued a $62.00 price objective on shares of Fluor Corp. in a research report on Wednesday, July 6th. Bank of America Corp. reissued a “sell” rating and issued a $50.00 price objective on shares of Fluor Corp. in a research report on Friday, August 5th. DA Davidson reissued a “buy” rating on shares of Fluor Corp. in a research report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Fluor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.00.
Fluor Corp. Company Profile
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.
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