Bank of New York Mellon Corp reduced its position in shares of Fluor Corporation (NYSE:FLR) by 1.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,286,265 shares of the construction company’s stock after selling 17,239 shares during the period. Bank of New York Mellon Corp owned approximately 0.92% of Fluor Corporation worth $58,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake 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 valued at $700,490,000 after buying an additional 460,481 shares during the last quarter. Clearbridge Investments LLC raised its stake 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 valued at $653,319,000 after buying an additional 487,187 shares during the last quarter. BlackRock Inc. raised its stake 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 valued at $474,903,000 after buying an additional 8,746,386 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Fluor Corporation by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,222,103 shares of the construction company’s stock valued at $116,926,000 after buying an additional 47,809 shares during the last quarter. Finally, Boston Partners raised its stake in Fluor Corporation by 3.9% in the second quarter. Boston Partners now owns 1,812,304 shares of the construction company’s stock valued at $82,967,000 after buying an additional 68,241 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fluor Corporation (FLR) opened at 38.61 on Friday. The firm has a 50-day moving average of $41.07 and a 200 day moving average of $47.56. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 48.20 and a beta of 1.41. Fluor Corporation has a one year low of $37.04 and a one year high of $58.37.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.84 annualized dividend and a yield of 2.18%. Fluor Corporation’s dividend payout ratio (DPR) is 106.33%.

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FLR has been the subject of several analyst reports. Credit Suisse Group cut their price target on shares of Fluor Corporation from $69.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, May 5th. Canaccord Genuity upgraded shares of Fluor Corporation from a “hold” rating to a “buy” rating and cut their price target for the company from $57.00 to $55.00 in a research report on Monday, May 8th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Fluor Corporation from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. DA Davidson upgraded shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Thursday, June 1st. Finally, BidaskClub upgraded shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Fluor Corporation has a consensus rating of “Hold” and a consensus price target of $50.10.

Fluor Corporation Company Profile

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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