Fluor Corporation (FLR) Stake Lessened by Ontario Teachers Pension Plan Board
Ontario Teachers Pension Plan Board reduced its position in Fluor Corporation (NYSE:FLR) by 35.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,784 shares of the construction company’s stock after selling 11,075 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Fluor Corporation were worth $906,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of FLR. Huber Capital Management LLC increased its position in shares of Fluor Corporation by 3.2% during the second quarter. Huber Capital Management LLC now owns 90,483 shares of the construction company’s stock worth $4,142,000 after buying an additional 2,833 shares during the period. Waters Parkerson & CO. LLC raised its stake in Fluor Corporation by 0.6% during the second quarter. Waters Parkerson & CO. LLC now owns 209,497 shares of the construction company’s stock worth $9,591,000 after buying an additional 1,290 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Fluor Corporation by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,294,655 shares of the construction company’s stock worth $105,040,000 after buying an additional 72,552 shares during the last quarter. Virtu KCG Holdings LLC raised its stake in Fluor Corporation by 51.8% during the second quarter. Virtu KCG Holdings LLC now owns 38,197 shares of the construction company’s stock worth $1,749,000 after buying an additional 13,029 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Fluor Corporation by 39.3% during the second quarter. Parametric Portfolio Associates LLC now owns 399,489 shares of the construction company’s stock worth $18,289,000 after buying an additional 112,695 shares during the last quarter. 84.51% of the stock is currently owned by institutional investors.
Fluor Corporation (NYSE:FLR) opened at 42.81 on Wednesday. Fluor Corporation has a 12 month low of $37.04 and a 12 month high of $58.37. The company has a 50-day moving average of $39.62 and a 200 day moving average of $45.19. The company has a market cap of $5.99 billion, a PE ratio of 53.45 and a beta of 1.40.
Fluor Corporation (NYSE:FLR) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts forecast that Fluor Corporation will post $1.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.96%. The ex-dividend date was Thursday, August 31st. Fluor Corporation’s dividend payout ratio is currently 106.33%.
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FLR has been the topic of several recent analyst reports. KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Fluor Corporation in a report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $40.00 price objective on shares of Fluor Corporation in a research report on Tuesday, September 5th. Johnson Rice downgraded Fluor Corporation from a “buy” rating to an “accumulate” rating and dropped their price objective for the company from $62.00 to $48.00 in a research note on Monday, August 7th. Canaccord Genuity set a $48.00 target price on Fluor Corporation and gave the company a “buy” rating in a research report on Sunday, August 6th. Finally, DA Davidson cut Fluor Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $48.00 in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $49.25.
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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