ST Germain D J Co. Inc. decreased its holdings in Fluor Co. (NEW) (NYSE:FLR) by 20.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,439 shares of the construction company’s stock after selling 19,719 shares during the period. ST Germain D J Co. Inc. owned about 0.05% of Fluor Co. (NEW) worth $2,429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new position in shares of Fluor Co. (NEW) during the fourth quarter worth $64,000. We Are One Seven LLC acquired a new position in shares of Fluor Co. (NEW) during the fourth quarter worth $73,000. Zions Bancorporation acquired a new position in shares of Fluor Co. (NEW) during the third quarter worth $122,000. First Hawaiian Bank increased its position in shares of Fluor Co. (NEW) by 8.2% during the fourth quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock worth $127,000 after purchasing an additional 300 shares in the last quarter. Finally, Girard Partners LTD. acquired a new position in shares of Fluor Co. (NEW) during the third quarter worth $203,000. 89.81% of the stock is owned by institutional investors.

Shares of NYSE FLR traded down $0.47 during mid-day trading on Monday, hitting $34.01. The stock had a trading volume of 26,314 shares, compared to its average volume of 1,736,138. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.52 and a quick ratio of 1.12. Fluor Co. has a twelve month low of $29.78 and a twelve month high of $62.08. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 0.53 and a beta of 1.75.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 4th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, March 1st. Fluor Co. (NEW)’s payout ratio is 51.53%.

FLR has been the topic of a number of recent analyst reports. Goldman Sachs Group downgraded Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and reduced their price target for the stock from $59.00 to $44.00 in a research report on Wednesday, December 12th. TheStreet downgraded Fluor Co. (NEW) from a “b-” rating to a “c” rating in a research report on Thursday, November 1st. Deutsche Bank reduced their price target on Fluor Co. (NEW) from $54.00 to $49.00 and set a “hold” rating on the stock in a research report on Tuesday, November 20th. Zacks Investment Research reaffirmed a “hold” rating on shares of Fluor Co. (NEW) in a research report on Tuesday, November 13th. Finally, Barclays set a $55.00 price target on Fluor Co. (NEW) and gave the stock a “hold” rating in a research report on Saturday, November 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.57.

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Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

Further Reading: Preferred Stock

Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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