Pictet Asset Management Ltd. raised its stake in shares of Fluor Co. (NYSE:FLR) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,760 shares of the construction company’s stock after buying an additional 2,900 shares during the period. Pictet Asset Management Ltd. owned approximately 0.06% of Fluor worth $3,779,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its holdings in shares of Fluor by 15.1% in the third quarter. Mutual of America Capital Management LLC now owns 19,761 shares of the construction company’s stock worth $832,000 after buying an additional 2,592 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Fluor by 35.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock worth $1,872,000 after buying an additional 10,782 shares during the period. BlueMountain Capital Management LLC boosted its holdings in shares of Fluor by 105.1% during the second quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock worth $2,130,000 after purchasing an additional 23,837 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Fluor by 14.6% during the second quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock worth $56,466,000 after purchasing an additional 156,705 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Fluor by 1.0% during the second quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock worth $36,490,000 after purchasing an additional 7,877 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

FLR has been the subject of a number of analyst reports. DA Davidson cut shares of Fluor from a “buy” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $48.00 in a research note on Friday, August 4th. Zacks Investment Research raised shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. UBS AG boosted their target price on shares of Fluor from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and set a $50.00 target price on shares of Fluor in a research report on Friday, September 22nd. Finally, Johnson Rice lowered shares of Fluor from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $62.00 to $48.00 in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.45.

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Shares of Fluor Co. (FLR) opened at $47.04 on Monday. The company has a market capitalization of $6,579.73, a P/E ratio of 16.92, a PEG ratio of 3.28 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. Fluor Co. has a twelve month low of $37.03 and a twelve month high of $58.37.

Fluor (NYSE:FLR) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. Fluor had a return on equity of 11.73% and a net margin of 2.28%. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. analysts forecast that Fluor Co. will post 1.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.79%. The ex-dividend date is Monday, December 4th. Fluor’s payout ratio is 58.74%.

About Fluor

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 (NYSE:FLR)

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