Tokio Marine Asset Management Co. Ltd. maintained its stake in Fluor Corp. (NYSE:FLR) during the second quarter, Holdings Channel reports. The institutional investor owned 6,080 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Fluor Corp. were worth $300,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of FLR. Citizens Financial Group Inc RI increased 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 worth $108,000 after buying an additional 200 shares in the last quarter. BlueMountain Capital Management LLC increased 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 worth $124,000 after buying an additional 1,192 shares in the last quarter. Optimum Investment Advisors acquired a new stake in Fluor Corp. during the first quarter worth approximately $204,000. Reynolds Capital Management LLC acquired a new stake in Fluor Corp. during the first quarter worth approximately $204,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in Fluor Corp. during the second quarter worth approximately $267,000. Institutional investors own 84.36% of the company’s stock.
Fluor Corp. (NYSE:FLR) traded down 1.83% on Friday, hitting $49.40. The stock had a trading volume of 1,841,606 shares. The stock has a market cap of $6.88 billion, a P/E ratio of 21.61 and a beta of 1.74. Fluor Corp. has a one year low of $39.48 and a one year high of $55.69. The company’s 50-day moving average is $50.50 and its 200-day moving average is $51.77.
Fluor Corp. (NYSE:FLR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.16. The firm earned $4.86 billion during the quarter, compared to analyst estimates of $4.73 billion. Fluor Corp. had a return on equity of 15.45% and a net margin of 1.81%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. On average, analysts anticipate that Fluor Corp. will post $3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 2nd were paid a $0.21 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. Fluor Corp.’s dividend payout ratio (DPR) is 37.00%.
FLR has been the topic of a number of research analyst reports. DA Davidson restated a “buy” rating on shares of Fluor Corp. in a research report on Friday, August 5th. Credit Suisse Group AG set a $59.00 target price on Fluor Corp. and gave the company a “buy” rating in a research report on Wednesday, August 31st. Janney Montgomery Scott reiterated a “buy” rating on shares of Fluor Corp. in a report on Tuesday, August 16th. Zacks Investment Research upgraded Fluor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, MKM Partners set a $52.00 price objective on Fluor Corp. and gave the company a “hold” rating in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.80.
About Fluor Corp.
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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