Wayne Hummer Investments L.L.C. Has $624,000 Stake in Fluor Corporation (FLR)
Wayne Hummer Investments L.L.C. increased its stake in Fluor Corporation (NYSE:FLR) by 37.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,823 shares of the construction company’s stock after acquiring an additional 4,030 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Fluor Corporation were worth $624,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of FLR. Huntington National Bank raised its stake in Fluor Corporation by 27.2% in the second quarter. Huntington National Bank now owns 3,468 shares of the construction company’s stock valued at $159,000 after buying an additional 741 shares in the last quarter. Smithfield Trust Co. raised its stake in Fluor Corporation by 393.3% in the second quarter. Smithfield Trust Co. now owns 3,700 shares of the construction company’s stock valued at $169,000 after buying an additional 2,950 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Fluor Corporation during the second quarter worth about $169,000. State of Alaska Department of Revenue grew its holdings in shares of Fluor Corporation by 10.3% during the second quarter. State of Alaska Department of Revenue now owns 4,074 shares of the construction company’s stock worth $186,000 after purchasing an additional 380 shares during the last quarter. Finally, Greenwood Capital Associates LLC grew its holdings in shares of Fluor Corporation by 10.5% during the second quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock worth $207,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.
FLR has been the topic of several research reports. Deutsche Bank AG lowered Fluor Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $55.00 to $40.00 in a report on Friday, August 4th. DA Davidson lowered Fluor Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $48.00 in a report on Friday, August 4th. Canaccord Genuity set a $48.00 price objective on Fluor Corporation and gave the stock a “buy” rating in a report on Sunday, August 6th. Johnson Rice lowered Fluor Corporation from a “buy” rating to an “accumulate” rating and lowered their price target for the stock from $62.00 to $48.00 in a report on Monday, August 7th. Finally, Robert W. Baird reissued a “hold” rating and set a $40.00 price target on shares of Fluor Corporation in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Fluor Corporation presently has an average rating of “Hold” and a consensus price target of $47.45.
Fluor Corporation (NYSE FLR) traded up $1.15 during mid-day trading on Friday, hitting $46.42. 3,357,600 shares of the stock were exchanged, compared to its average volume of 1,425,342. Fluor Corporation has a 52 week low of $37.03 and a 52 week high of $58.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. The firm has a market cap of $6,332.15, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 3.16 and a beta of 1.42.
Fluor Corporation (NYSE:FLR) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the firm earned $0.03 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. equities research analysts expect that Fluor Corporation will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.81%. Fluor Corporation’s dividend payout ratio is currently 58.74%.
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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