Fluor Corporation (FLR) Shares Bought by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC lifted its holdings in shares of Fluor Corporation (NYSE:FLR) by 51.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,197 shares of the construction company’s stock after acquiring an additional 13,029 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Fluor Corporation were worth $1,749,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of FLR. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Fluor Corporation by 35.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock valued at $1,872,000 after purchasing an additional 10,782 shares during the period. Legal & General Group Plc boosted its stake in Fluor Corporation by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock valued at $36,490,000 after purchasing an additional 7,877 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Fluor Corporation by 1,807.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock valued at $26,482,000 after purchasing an additional 509,200 shares during the period. OppenheimerFunds Inc. boosted its stake in Fluor Corporation by 14.9% in the 1st quarter. OppenheimerFunds Inc. now owns 45,801 shares of the construction company’s stock valued at $2,410,000 after purchasing an additional 5,948 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Fluor Corporation in the 1st quarter valued at $1,648,000. Institutional investors own 84.51% of the company’s stock.
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FLR has been the subject of several recent research reports. DA Davidson upgraded Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, June 1st. Zacks Investment Research downgraded Fluor Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, June 12th. BidaskClub upgraded Fluor Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Deutsche Bank AG downgraded Fluor Corporation from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Finally, Canaccord Genuity set a $48.00 price target on Fluor Corporation and gave the company a “buy” rating in a research note on Sunday, August 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Fluor Corporation has a consensus rating of “Hold” and an average price target of $49.25.
Fluor Corporation (NYSE:FLR) opened at 42.10 on Thursday. The stock’s 50 day moving average price is $39.27 and its 200-day moving average price is $46.10. The firm has a market cap of $5.89 billion, a PE ratio of 52.56 and a beta of 1.41. Fluor Corporation has a 12-month low of $37.04 and a 12-month high of $58.37.
Fluor Corporation (NYSE:FLR) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.13. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. Equities research analysts anticipate that Fluor Corporation will post $1.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, August 31st. Fluor Corporation’s dividend payout ratio is 106.33%.
Fluor Corporation 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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