Traders Buy Fluor Co. (NEW) (FLR) on Weakness

Investors purchased shares of Fluor Co. (NEW) (NYSE:FLR) on weakness during trading on Friday. $35.21 million flowed into the stock on the tick-up and $21.94 million flowed out of the stock on the tick-down, for a money net flow of $13.27 million into the stock. Of all stocks tracked, Fluor Co. (NEW) had the 33rd highest net in-flow for the day. Fluor Co. (NEW) traded down ($0.30) for the day and closed at $55.01

FLR has been the subject of several recent analyst reports. Credit Suisse Group lowered their target price on shares of Fluor Co. (NEW) from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Robert W. Baird raised shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and upped their target price for the company from $48.00 to $61.00 in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine cut shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Barclays upped their price target on shares of Fluor Co. (NEW) from $54.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.62.

The stock has a market cap of $7,500.00, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 2.72 and a beta of 1.53. 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 also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, February 28th. Fluor Co. (NEW)’s payout ratio is 58.74%.

In related news, Chairman David Thomas Seaton sold 40,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $47.57, for a total transaction of $1,902,800.00. Following the completion of the transaction, the chairman now owns 276,643 shares in the company, valued at $13,159,907.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce A. Stanski sold 2,792 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $48.48, for a total transaction of $135,356.16. Following the transaction, the chief financial officer now owns 40,104 shares of the company’s stock, valued at approximately $1,944,241.92. The disclosure for this sale can be found here. Insiders have sold 45,932 shares of company stock valued at $2,191,092 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC lifted its stake in Fluor Co. (NEW) by 15.1% in the third quarter. Mutual of America Capital Management LLC now owns 19,761 shares of the construction company’s stock valued at $832,000 after acquiring an additional 2,592 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Fluor Co. (NEW) by 1.8% in the third quarter. New York State Common Retirement Fund now owns 303,450 shares of the construction company’s stock valued at $12,775,000 after acquiring an additional 5,500 shares during the last quarter. Becker Capital Management Inc. acquired a new stake in Fluor Co. (NEW) in the third quarter valued at $26,858,000. Koch Industries Inc. acquired a new stake in Fluor Co. (NEW) in the second quarter valued at $335,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Fluor Co. (NEW) in the third quarter valued at $57,365,000. Institutional investors and hedge funds own 84.39% of the company’s stock.

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Fluor Co. (NEW) 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.

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