Fluor Corporation (FLR) Stake Lowered by Energy Opportunities Capital Management LLC

Energy Opportunities Capital Management LLC lessened its position in Fluor Corporation (NYSE:FLR) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,511 shares of the construction company’s stock after selling 425 shares during the period. Energy Opportunities Capital Management LLC’s holdings in Fluor Corporation were worth $1,351,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. RMB Capital Management LLC boosted its stake in shares of Fluor Corporation by 0.6% in the 1st quarter. RMB Capital Management LLC now owns 5,701 shares of the construction company’s stock valued at $300,000 after purchasing an additional 34 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Fluor Corporation by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock valued at $605,000 after purchasing an additional 43 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Fluor Corporation by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock valued at $475,000 after purchasing an additional 48 shares in the last quarter. ING Groep NV boosted its stake in shares of Fluor Corporation by 0.8% in the 2nd quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock valued at $328,000 after purchasing an additional 55 shares in the last quarter. Finally, Needelman Asset Management Inc. boosted its stake in shares of Fluor Corporation by 0.5% in the 2nd quarter. Needelman Asset Management Inc. now owns 19,510 shares of the construction company’s stock valued at $893,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 84.45% of the company’s stock.

Shares of Fluor Corporation (NYSE:FLR) traded up 0.09% on Friday, reaching $42.65. 345,665 shares of the company traded hands. Fluor Corporation has a one year low of $37.04 and a one year high of $58.37. The firm’s 50 day moving average is $40.60 and its 200 day moving average is $44.81. The company has a market capitalization of $5.97 billion, a P/E ratio of 53.25 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, beating the Zacks’ consensus estimate of $0.59 by $0.13. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts expect that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Thursday, August 31st. Fluor Corporation’s payout ratio is 106.33%.

Several equities research analysts have recently commented on the stock. KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Fluor Corporation in a research note on Friday, September 22nd. Robert W. Baird restated a “hold” rating and issued a $40.00 target price on shares of Fluor Corporation in a research note on Tuesday, September 5th. Johnson Rice downgraded shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and reduced their target price for the company from $62.00 to $48.00 in a research note on Monday, August 7th. DA Davidson downgraded shares of Fluor Corporation 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. Finally, BidaskClub downgraded shares of Fluor Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Fluor Corporation presently has an average rating of “Hold” and a consensus price target of $48.00.

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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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Institutional Ownership by Quarter for Fluor Corporation (NYSE:FLR)

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