Huber Capital Management LLC lifted its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 13.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,202 shares of the construction company’s stock after acquiring an additional 10,700 shares during the period. Huber Capital Management LLC owned approximately 0.06% of Fluor Co. (NEW) worth $4,607,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Balentine LLC raised its stake in Fluor Co. (NEW) by 99.1% in the 3rd quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock valued at $118,000 after purchasing an additional 1,393 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in Fluor Co. (NEW) in the 4th quarter valued at $120,000. SeaCrest Wealth Management LLC purchased a new stake in Fluor Co. (NEW) in the 4th quarter valued at $135,000. Mission Wealth Management LP purchased a new stake in Fluor Co. (NEW) in the 4th quarter valued at $201,000. Finally, Moors & Cabot Inc. purchased a new stake in Fluor Co. (NEW) in the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.
In other Fluor Co. (NEW) news, insider Robin K. Chopra sold 5,553 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.49, for a total transaction of $319,241.97. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Carlos M. Hernandez sold 30,257 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $58.25, for a total value 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 in the last three months. 1.40% of the stock is currently owned by company insiders.
A number of equities analysts have recently weighed in on the company. Barclays increased their price target on Fluor Co. (NEW) from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Alembic Global Advisors restated a “hold” rating on shares of Fluor Co. (NEW) in a report on Wednesday, February 21st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $73.00 price target (up previously from $71.00) on shares of Fluor Co. (NEW) in a research report on Thursday, February 22nd. Citigroup raised their target price on Fluor Co. (NEW) from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, KeyCorp reissued an “overweight” rating and set a $64.00 target price (up previously from $61.00) on shares of Fluor Co. (NEW) in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Fluor Co. (NEW) has an average rating of “Hold” and an average target price of $58.00.
Fluor Co. (FLR) traded down $0.33 during mid-day trading on Wednesday, reaching $57.50. The company’s stock had a trading volume of 657,565 shares, compared to its average volume of 1,503,137. Fluor Co. has a 1 year low of $37.03 and a 1 year high of $62.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.57. The stock has a market capitalization of $8,153.80, a P/E ratio of 42.28, a PEG ratio of 1.07 and a beta of 1.52.
Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.91 billion. Fluor Co. (NEW) had a return on equity of 10.95% and a net margin of 0.98%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. equities analysts predict that Fluor Co. will post 3.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, February 28th. Fluor Co. (NEW)’s dividend payout ratio is currently 61.76%.
TRADEMARK VIOLATION NOTICE: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2018/03/15/huber-capital-management-llc-raises-position-in-fluor-co-new-flr.html.
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.
Receive News & Ratings for Fluor Co. (NEW) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Co. (NEW) and related companies with MarketBeat.com's FREE daily email newsletter.