Candriam Luxembourg S.C.A. boosted its stake in Fluor Corporation (NYSE:FLR) by 508.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,274 shares of the construction company’s stock after buying an additional 79,608 shares during the period. Candriam Luxembourg S.C.A. owned 0.07% of Fluor Corporation worth $4,362,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC bought a new stake in shares of Fluor Corporation during the first quarter worth $124,000. Huntington National Bank raised its stake in shares of Fluor Corporation by 24.2% in the first quarter. Huntington National Bank now owns 2,727 shares of the construction company’s stock worth $143,000 after buying an additional 531 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Fluor Corporation during the first quarter worth $175,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Fluor Corporation by 3.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,714 shares of the construction company’s stock worth $183,000 after buying an additional 122 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Fluor Corporation by 10.3% in the second quarter. State of Alaska Department of Revenue now owns 4,074 shares of the construction company’s stock worth $186,000 after buying an additional 380 shares in the last quarter. 83.07% of the stock is owned by institutional investors.
Shares of Fluor Corporation (FLR) traded down 0.26% during trading on Friday, hitting $37.67. 1,722,442 shares of the stock were exchanged. The stock has a market cap of $5.27 billion, a P/E ratio of 47.03 and a beta of 1.39. The firm’s 50 day moving average price is $43.13 and its 200-day moving average price is $48.82. Fluor Corporation has a 52 week low of $37.40 and a 52 week high of $58.37.
Fluor Corporation (NYSE:FLR) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. 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 earned $0.72 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Fluor Corporation will post $1.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is 106.33%.
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A number of analysts recently weighed in on FLR shares. Canaccord Genuity set a $48.00 price target on shares of Fluor Corporation and gave the company a “buy” rating in a report on Sunday, August 6th. BidaskClub raised shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Credit Suisse Group reduced their price objective on shares of Fluor Corporation from $69.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, May 5th. Deutsche Bank AG cut shares of Fluor Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Finally, Zacks Investment Research cut shares of Fluor Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Fluor Corporation presently has an average rating of “Hold” and an average price target of $50.10.
Fluor Corporation 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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