Sigma Planning Corp lowered its position in Fluor Corporation (NYSE:FLR) by 1.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,354 shares of the construction company’s stock after selling 145 shares during the period. Sigma Planning Corp’s holdings in Fluor Corporation were worth $337,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FLR. BlackRock Inc. boosted its position in Fluor Corporation by 3,137.9% in the first quarter. BlackRock Inc. now owns 9,025,119 shares of the construction company’s stock worth $474,903,000 after buying an additional 8,746,386 shares during the last quarter. Clearbridge Investments LLC boosted its position in Fluor Corporation by 4.1% in the first quarter. Clearbridge Investments LLC now owns 12,415,798 shares of the construction company’s stock worth $653,319,000 after buying an additional 487,187 shares during the last quarter. Vanguard Group Inc. boosted its position in Fluor Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,312,237 shares of the construction company’s stock worth $700,490,000 after buying an additional 460,481 shares during the last quarter. Gotham Asset Management LLC acquired a new position in Fluor Corporation during the first quarter worth about $19,823,000. Finally, WINTON GROUP Ltd boosted its position in Fluor Corporation by 199.2% in the first quarter. WINTON GROUP Ltd now owns 422,584 shares of the construction company’s stock worth $21,687,000 after buying an additional 281,338 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Fluor Corporation (NYSE:FLR) opened at 38.44 on Thursday. The stock’s 50 day moving average price is $43.56 and its 200-day moving average price is $49.03. Fluor Corporation has a 12 month low of $38.40 and a 12 month high of $58.37. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 47.99 and a beta of 1.39.

Fluor Corporation (NYSE:FLR) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.13. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that Fluor Corporation will post $1.50 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, August 31st. Fluor Corporation’s dividend payout ratio is currently 106.33%.

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FLR has been the topic of a number of research analyst reports. BidaskClub cut Fluor Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. DA Davidson upgraded Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, June 1st. Zacks Investment Research cut Fluor Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, June 12th. Canaccord Genuity upgraded Fluor Corporation from a “hold” rating to a “buy” rating and cut their price target for the stock from $57.00 to $55.00 in a report on Monday, May 15th. Finally, Credit Suisse Group lowered their target price on Fluor Corporation from $69.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for Fluor Corporation (NYSE:FLR)

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