Schroder Investment Management Group lessened its holdings in Fluor Co. (NEW) (NYSE:FLR) by 97.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,798 shares of the construction company’s stock after selling 171,940 shares during the period. Schroder Investment Management Group’s holdings in Fluor Co. (NEW) were worth $248,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Balentine LLC boosted its position in shares of Fluor Co. (NEW) by 99.1% in the third quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after buying an additional 1,393 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Fluor Co. (NEW) during the fourth quarter valued at $135,000. Fort Pitt Capital Group LLC acquired a new stake in Fluor Co. (NEW) during the fourth quarter valued at $202,000. Cadence Capital Management LLC acquired a new stake in Fluor Co. (NEW) during the fourth quarter valued at $203,000. Finally, Trilogy Capital Inc. acquired a new stake in Fluor Co. (NEW) during the fourth quarter valued at $212,000. 87.05% of the stock is owned by institutional investors and hedge funds.
In other Fluor Co. (NEW) news, EVP Carlos M. Hernandez sold 30,257 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $58.25, for a total transaction of $1,762,470.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Bruce A. Stanski sold 3,718 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $57.44, for a total value of $213,561.92. Following the transaction, the chief financial officer now owns 61,802 shares in the company, valued at $3,549,906.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,218 shares of company stock worth $6,953,603. Corporate insiders own 1.30% of the company’s stock.
Fluor Co. (NEW) (NYSE:FLR) last posted its earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Fluor Co. (NEW) had a return on equity of 10.95% and a net margin of 0.98%. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. equities research analysts anticipate that Fluor Co. will post 3.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.44%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 61.76%.
A number of analysts recently issued reports on the company. TheStreet raised Fluor Co. (NEW) from a “c+” rating to a “b” rating in a research report on Thursday, December 21st. Barclays assumed coverage on Fluor Co. (NEW) in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $54.00 price objective for the company. Citigroup lifted their price objective on Fluor Co. (NEW) from $53.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. KeyCorp reissued an “overweight” rating and set a $64.00 price objective (up previously from $61.00) on shares of Fluor Co. (NEW) in a research report on Wednesday, February 21st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $73.00 price objective (up previously from $71.00) on shares of Fluor Co. (NEW) in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $58.00.
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About Fluor Co. (NEW)
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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