ING Groep NV boosted its position in shares of Fluor Corporation (NYSE:FLR) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,165 shares of the construction company’s stock after buying an additional 55 shares during the period. ING Groep NV’s holdings in Fluor Corporation were worth $328,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new position in Fluor Corporation during the first quarter worth $124,000. Huntington National Bank boosted its position in Fluor Corporation by 24.2% in the first quarter. Huntington National Bank now owns 2,727 shares of the construction company’s stock worth $143,000 after buying an additional 531 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Fluor Corporation during the first quarter worth $175,000. Mn Services Vermogensbeheer B.V. boosted its position in Fluor Corporation by 3.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,714 shares of the construction company’s stock worth $183,000 after buying an additional 122 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Fluor Corporation by 10.3% in the second quarter. State of Alaska Department of Revenue now owns 4,074 shares of the construction company’s stock worth $186,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 82.77% of the company’s stock.
Fluor Corporation (NYSE:FLR) traded down 1.56% during mid-day trading on Thursday, reaching $38.54. 911,901 shares of the company were exchanged. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 48.11 and a beta of 1.39. Fluor Corporation has a 1-year low of $38.42 and a 1-year high of $58.37. The stock’s 50-day moving average price is $44.33 and its 200-day moving average price is $49.63.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.13. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. On average, equities research analysts anticipate that Fluor Corporation will post $1.50 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, August 31st. Fluor Corporation’s payout ratio is 106.33%.
FLR has been the topic of a number of analyst reports. Johnson Rice cut shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and cut their price objective for the company from $62.00 to $48.00 in a research report on Monday. DA Davidson upgraded shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Thursday, June 1st. Canaccord Genuity raised shares of Fluor Corporation from a “hold” rating to a “buy” rating and lowered their target price for the company from $57.00 to $55.00 in a research note on Monday, May 15th. Zacks Investment Research raised shares of Fluor Corporation from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Monday, May 1st. Finally, Credit Suisse Group set a $59.00 target price on shares of Fluor Corporation and gave the company a “hold” rating in a research note on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Fluor Corporation currently has an average rating of “Hold” and an average price target of $50.10.
About Fluor Corporation
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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