Northwestern Mutual Investment Management Company LLC decreased its stake in Fluor Corp. (NYSE:FLR) by 14.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 537,369 shares of the company’s stock after selling 90,414 shares during the period. Northwestern Mutual Investment Management Company LLC owned about 0.39% of Fluor Corp. worth $26,482,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FLR. BlueMountain Capital Management LLC boosted its position 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. Point72 Asia Hong Kong Ltd acquired a new position in Fluor Corp. during the second quarter valued at about $128,000. Investment Counselors of Maryland LLC boosted its position in Fluor Corp. by 3.4% in the second quarter. Investment Counselors of Maryland LLC now owns 3,022 shares of the company’s stock valued at $149,000 after buying an additional 100 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Fluor Corp. during the second quarter valued at approximately $179,000. Finally, CENTRAL TRUST Co raised its stake in shares of Fluor Corp. by 6.2% in the second quarter. CENTRAL TRUST Co now owns 3,950 shares of the company’s stock valued at $195,000 after buying an additional 230 shares during the period. Institutional investors own 83.95% of the company’s stock.

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

Shares of Fluor Corp. (NYSE:FLR) opened at 49.13 on Monday. The firm has a market capitalization of $6.84 billion, a P/E ratio of 43.48 and a beta of 1.61. Fluor Corp. has a 12-month low of $39.48 and a 12-month high of $55.69. The stock’s 50 day moving average price is $49.95 and its 200-day moving average price is $51.30.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Friday, December 2nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, November 30th. Fluor Corp.’s payout ratio is 74.34%.

Several equities research analysts have recently commented on FLR shares. Zacks Investment Research lowered Fluor Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Credit Suisse Group AG set a $59.00 price target on Fluor Corp. and gave the stock a “buy” rating in a research note on Wednesday, August 31st. DA Davidson lowered Fluor Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $60.00 to $52.00 in a research note on Friday, November 4th. Canaccord Genuity reissued a “hold” rating and set a $48.00 price target on shares of Fluor Corp. in a research note on Friday, November 4th. Finally, Johnson Rice lowered Fluor Corp. from an “accumulate” rating to a “hold” rating in a research note on Friday, November 4th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Fluor Corp. has an average rating of “Hold” and a consensus target price of $50.23.

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.

5 Day Chart for NYSE:FLR

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