Guggenheim Capital LLC boosted its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,181,607 shares of the construction company’s stock after buying an additional 37,583 shares during the period. Guggenheim Capital LLC’s holdings in Fluor Co. (NEW) were worth $61,030,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Compton Capital Management Inc. RI acquired a new stake in Fluor Co. (NEW) during the 4th quarter worth approximately $209,000. Cypress Capital Group acquired a new stake in shares of Fluor Co. (NEW) in the fourth quarter valued at approximately $415,000. Ariel Investments LLC raised its holdings in shares of Fluor Co. (NEW) by 4.8% in the fourth quarter. Ariel Investments LLC now owns 1,168,574 shares of the construction company’s stock valued at $60,357,000 after purchasing an additional 53,490 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Fluor Co. (NEW) by 11.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 24,057 shares of the construction company’s stock valued at $1,242,000 after purchasing an additional 2,560 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its holdings in shares of Fluor Co. (NEW) by 55.3% in the fourth quarter. AMP Capital Investors Ltd now owns 52,173 shares of the construction company’s stock valued at $2,694,000 after purchasing an additional 18,579 shares during the last quarter. Hedge funds and other institutional investors own 87.13% of the company’s stock.
Fluor Co. (NYSE FLR) opened at $57.83 on Wednesday. Fluor Co. has a 52 week low of $37.03 and a 52 week high of $62.09. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 0.46. The firm has a market cap of $8,153.80, a price-to-earnings ratio of 42.52, a P/E/G ratio of 1.07 and a beta of 1.52.
Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Fluor Co. (NEW) had a net margin of 0.98% and a return on equity of 10.95%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same period last year, the business earned $0.82 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. research analysts anticipate that Fluor Co. will post 3.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. Fluor Co. (NEW)’s dividend payout ratio is presently 61.76%.
In related news, CFO Bruce A. Stanski sold 3,718 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $57.44, for a total value of $213,561.92. Following the completion of the transaction, the chief financial officer now directly owns 61,802 shares of the company’s stock, valued at $3,549,906.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Carlos M. Hernandez sold 30,257 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.25, for a total transaction of $1,762,470.25. The disclosure for this sale can be found here. Insiders sold 121,218 shares of company stock valued at $6,953,603 over the last three months. 1.40% of the stock is owned by company insiders.
FLR has been the topic of a number of recent research reports. Credit Suisse Group upgraded shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and set a $71.00 price objective on the stock in a report on Thursday, January 18th. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Robert W. Baird upgraded shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $48.00 to $61.00 in a report on Wednesday, January 3rd. ValuEngine downgraded shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, MKM Partners set a $56.00 price objective on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Fluor Co. (NEW) has an average rating of “Hold” and an average price target of $58.00.
Fluor Co. (NEW) 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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