Huber Capital Management LLC Has $3.76 Million Stake in Fluor Co. (NEW) (FLR)

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Huber Capital Management LLC lessened its stake in Fluor Co. (NEW) (NYSE:FLR) by 19.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 64,725 shares of the construction company’s stock after selling 16,100 shares during the period. Huber Capital Management LLC’s holdings in Fluor Co. (NEW) were worth $3,761,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA grew its stake in shares of Fluor Co. (NEW) by 5,010.0% in the second quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock worth $100,000 after acquiring an additional 2,004 shares in the last quarter. Zions Bancorporation acquired a new position in shares of Fluor Co. (NEW) in the third quarter worth $122,000. Tower Research Capital LLC TRC acquired a new position in shares of Fluor Co. (NEW) during the second quarter worth $163,000. Girard Partners LTD. acquired a new position in shares of Fluor Co. (NEW) during the third quarter worth $203,000. Finally, Comerica Securities Inc. acquired a new position in shares of Fluor Co. (NEW) during the third quarter worth $206,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

NYSE FLR opened at $38.76 on Thursday. The stock has a market cap of $5.45 billion, a P/E ratio of 23.78, a PEG ratio of 0.37 and a beta of 1.64. Fluor Co. has a 52-week low of $38.39 and a 52-week high of $62.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.52 and a quick ratio of 1.12.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, November 1st. The construction company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts predict that Fluor Co. will post 2.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 3rd. This represents a $0.84 annualized dividend and a yield of 2.17%. Fluor Co. (NEW)’s payout ratio is currently 51.53%.

In related news, Chairman David Thomas Seaton bought 5,158 shares of the stock in a transaction on Tuesday, November 6th. The shares were bought at an average cost of $48.52 per share, for a total transaction of $250,266.16. Following the completion of the transaction, the chairman now owns 301,400 shares of the company’s stock, valued at approximately $14,623,928. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

A number of equities analysts recently commented on the stock. MKM Partners reiterated a “hold” rating and set a $56.00 target price on shares of Fluor Co. (NEW) in a research note on Thursday, October 11th. UBS Group upgraded shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $69.00 in a research note on Monday, August 13th. ValuEngine downgraded shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 12th. Finally, Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $58.36.

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Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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