Noesis Capital Mangement Corp raised its holdings in Fluor Corporation (NYSE:FLR) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,405 shares of the construction company’s stock after purchasing an additional 4,943 shares during the quarter. Fluor Corporation accounts for 2.3% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 19th largest position. Noesis Capital Mangement Corp owned approximately 0.10% of Fluor Corporation worth $6,122,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Fluor Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 13,657,238 shares of the construction company’s stock valued at $625,228,000 after purchasing an additional 345,001 shares during the period. BlackRock Inc. grew its stake in Fluor Corporation by 4.7% in the 2nd quarter. BlackRock Inc. now owns 9,447,760 shares of the construction company’s stock valued at $432,519,000 after purchasing an additional 422,641 shares during the period. CI Global Investments Inc. grew its stake in Fluor Corporation by 66.8% in the 2nd quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock valued at $216,165,000 after purchasing an additional 1,890,300 shares during the period. Dimensional Fund Advisors LP grew its stake in Fluor Corporation by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,294,655 shares of the construction company’s stock valued at $105,040,000 after purchasing an additional 72,552 shares during the period. Finally, Boston Partners grew its stake in Fluor Corporation by 2.5% in the 3rd quarter. Boston Partners now owns 1,858,440 shares of the construction company’s stock valued at $78,240,000 after purchasing an additional 46,136 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.
Shares of Fluor Corporation (NYSE FLR) traded down $1.02 on Wednesday, reaching $45.66. The company had a trading volume of 1,235,500 shares, compared to its average volume of 1,417,754. The stock has a market cap of $6,529.38, a PE ratio of 16.79, a price-to-earnings-growth ratio of 3.25 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 1.18. Fluor Corporation has a twelve month low of $37.03 and a twelve month high of $58.37.
Fluor Corporation (NYSE:FLR) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Fluor Corporation had a return on equity of 11.69% and a net margin of 1.03%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. research analysts predict that Fluor Corporation will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.84%. Fluor Corporation’s dividend payout ratio (DPR) is 58.74%.
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FLR has been the topic of a number of recent research reports. Deutsche Bank AG cut Fluor Corporation from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $40.00 in a research report on Friday, August 4th. DA Davidson cut Fluor Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $48.00 in a research report on Friday, August 4th. Canaccord Genuity set a $48.00 price target on Fluor Corporation and gave the company a “buy” rating in a research report on Sunday, August 6th. Johnson Rice cut Fluor Corporation from a “buy” rating to an “accumulate” rating and dropped their price target for the company from $62.00 to $48.00 in a research report on Monday, August 7th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $40.00 price target on shares of Fluor Corporation in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Fluor Corporation has an average rating of “Hold” and an average price target of $47.45.
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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