Fluor Corporation (FLR) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its stake in Fluor Corporation (NYSE:FLR) by 5.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 28,637 shares of the construction company’s stock after selling 1,730 shares during the quarter. Neuberger Berman Group LLC’s holdings in Fluor were worth $1,206,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Balentine LLC boosted its holdings in shares of Fluor by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock worth $118,000 after buying an additional 1,393 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Fluor in the 2nd quarter worth about $169,000. Investment Counselors of Maryland LLC boosted its holdings in shares of Fluor by 73.6% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock worth $241,000 after buying an additional 2,431 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in Fluor in the 3rd quarter valued at about $299,000. Finally, Advisory Services Network LLC raised its stake in Fluor by 0.7% in the 2nd quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock valued at $325,000 after acquiring an additional 50 shares during the period. 84.15% of the stock is currently owned by institutional investors.

Shares of Fluor Corporation (NYSE:FLR) opened at $51.65 on Monday. Fluor Corporation has a 52-week low of $37.03 and a 52-week high of $58.37. The firm has a market capitalization of $7,224.56, a PE ratio of 36.12, a PEG ratio of 3.60 and a beta of 1.47. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. Fluor had a return on equity of 11.69% and a net margin of 1.03%. The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. sell-side analysts predict that Fluor Corporation will post 1.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders 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 dividend yield of 1.63%. The ex-dividend date is Monday, December 4th. Fluor’s dividend payout ratio is presently 58.74%.

A number of equities research analysts recently issued reports on FLR shares. Seaport Global Securities restated a “neutral” rating and issued a $44.00 price objective (down from $50.00) on shares of Fluor in a research note on Wednesday, October 11th. TheStreet upgraded Fluor from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Canaccord Genuity restated a “buy” rating and issued a $54.00 price objective on shares of Fluor in a research note on Monday, November 6th. Barclays started coverage on Fluor in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $54.00 price objective on the stock. Finally, Stephens restated an “overweight” rating and issued a $50.00 price objective (up from $44.00) on shares of Fluor in a research note on Saturday, October 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

In other news, CFO Bruce A. Stanski sold 2,792 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $48.48, for a total transaction of $135,356.16. Following the sale, the chief financial officer now directly owns 40,104 shares in the company, valued at $1,944,241.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jose Luis M. Bustamante sold 2,750 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the completion of the transaction, the insider now owns 38,757 shares in the company, valued at $1,884,752.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,932 shares of company stock worth $2,191,092. Company insiders own 1.30% of the company’s stock.

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Fluor Company 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.

Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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