IFP Advisors Inc Has $70,000 Stake in Fluor Co. (NEW) (FLR)

IFP Advisors Inc decreased its position in Fluor Co. (NEW) (NYSE:FLR) by 35.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,205 shares of the construction company’s stock after selling 1,218 shares during the period. IFP Advisors Inc’s holdings in Fluor Co. (NEW) were worth $70,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Fluor Co. (NEW) by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 4,738,292 shares of the construction company’s stock worth $231,133,000 after buying an additional 475,286 shares in the last quarter. United Services Automobile Association boosted its holdings in Fluor Co. (NEW) by 37.2% during the second quarter. United Services Automobile Association now owns 67,048 shares of the construction company’s stock worth $3,271,000 after buying an additional 18,172 shares in the last quarter. Bank of Montreal Can boosted its holdings in Fluor Co. (NEW) by 33.1% during the third quarter. Bank of Montreal Can now owns 100,629 shares of the construction company’s stock worth $5,847,000 after buying an additional 25,045 shares in the last quarter. First Hawaiian Bank purchased a new stake in Fluor Co. (NEW) during the third quarter worth about $212,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Fluor Co. (NEW) by 21.2% during the third quarter. Nisa Investment Advisors LLC now owns 59,834 shares of the construction company’s stock worth $3,475,000 after buying an additional 10,470 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on FLR shares. Credit Suisse Group restated a “buy” rating and set a $56.00 target price on shares of Fluor Co. (NEW) in a research report on Monday. ValuEngine lowered shares of Fluor Co. (NEW) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 5th. MKM Partners reissued a “neutral” rating and issued a $39.00 price objective on shares of Fluor Co. (NEW) in a research report on Tuesday, January 8th. Zacks Investment Research lowered shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Finally, Goldman Sachs Group lowered shares of Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and cut their price objective for the company from $59.00 to $44.00 in a research report on Wednesday, December 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.36.

Shares of FLR stock opened at $36.64 on Wednesday. The firm has a market capitalization of $4.82 billion, a PE ratio of 22.48, a PEG ratio of 0.53 and a beta of 1.75. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.52. Fluor Co. has a twelve month low of $29.78 and a twelve month high of $62.08.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, March 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.29%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 51.53%.

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About Fluor Co. (NEW)

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.

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

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