Chevy Chase Trust Holdings Inc. decreased its stake in shares of Fluor Corp. (NYSE:FLR) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 198,984 shares of the company’s stock after selling 2,373 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.14% of Fluor Corp. worth $10,212,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Fluor Corp. by 1.1% in the second quarter. Vanguard Group Inc. now owns 12,233,555 shares of the company’s stock valued at $602,870,000 after buying an additional 134,400 shares during the period. Allianz Asset Management AG increased its stake in shares of Fluor Corp. by 428.9% in the second quarter. Allianz Asset Management AG now owns 5,320,525 shares of the company’s stock valued at $262,195,000 after buying an additional 4,314,501 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Fluor Corp. by 2.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,731,150 shares of the company’s stock valued at $183,871,000 after buying an additional 81,586 shares during the period. BlackRock Fund Advisors increased its stake in shares of Fluor Corp. by 6.0% in the second quarter. BlackRock Fund Advisors now owns 2,216,821 shares of the company’s stock valued at $109,245,000 after buying an additional 126,203 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Fluor Corp. by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,126,059 shares of the company’s stock valued at $104,761,000 after buying an additional 39,519 shares during the period. 83.86% of the stock is currently owned by institutional investors.

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

Shares of Fluor Corp. (NYSE:FLR) traded up 1.11% during midday trading on Friday, reaching $54.82. 1,148,022 shares of the company’s stock were exchanged. The company’s 50-day moving average is $50.44 and its 200-day moving average is $51.17. Fluor Corp. has a one year low of $39.48 and a one year high of $55.69. The stock has a market cap of $7.63 billion, a P/E ratio of 48.51 and a beta of 1.61.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.53%. Fluor Corp.’s payout ratio is 74.34%.

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Several equities analysts have issued reports on FLR shares. Bank of America Corp. restated a “sell” rating and set a $50.00 target price on shares of Fluor Corp. in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of Fluor Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. DA Davidson cut shares of Fluor Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $60.00 to $52.00 in a research note on Friday, November 4th. MKM Partners set a $52.00 target price on shares of Fluor Corp. and gave the company a “hold” rating in a research note on Friday, August 5th. Finally, Canaccord Genuity restated a “hold” rating and set a $48.00 target price on shares of Fluor Corp. in a research note on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target 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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