Ancora Inverness LLC lowered its position in Fluor Corp. (NYSE:FLR) by 6.8% during the third quarter, Holdings Channel reports. The fund owned 13,573 shares of the company’s stock after selling 990 shares during the period. Ancora Inverness LLC’s holdings in Fluor Corp. were worth $697,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in Fluor Corp. by 8.2% in the third quarter. Huntington National Bank now owns 2,196 shares of the company’s stock worth $112,000 after buying an additional 166 shares during the last quarter. BlueMountain Capital Management LLC boosted its stake in Fluor Corp. by 107.3% in the first quarter. BlueMountain Capital Management LLC now owns 2,303 shares of the company’s stock worth $124,000 after buying an additional 1,192 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in Fluor Corp. during the second quarter worth $128,000. Victory Capital Management Inc. boosted its stake in Fluor Corp. by 49.6% in the third quarter. Victory Capital Management Inc. now owns 2,659 shares of the company’s stock worth $136,000 after buying an additional 882 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its stake in Fluor Corp. by 3.4% in the second quarter. Investment Counselors of Maryland LLC now owns 3,022 shares of the company’s stock worth $149,000 after buying an additional 100 shares during the last quarter. 83.86% of the stock is currently owned by institutional investors.
Shares of Fluor Corp. (NYSE:FLR) opened at 54.22 on Friday. The firm’s 50 day moving average is $50.37 and its 200 day moving average is $51.14. Fluor Corp. has a 12 month low of $39.48 and a 12 month high of $55.69. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 47.98 and a beta of 1.61.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Friday, December 2nd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, November 30th. Fluor Corp.’s payout ratio is 74.34%.
A number of equities analysts have recently issued reports on the stock. Macquarie lowered shares of Fluor Corp. from an “outperform” rating to a “neutral” rating in a research report on Friday, November 4th. Zacks Investment Research lowered shares of Fluor Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Credit Suisse Group AG set a $59.00 target price on shares of Fluor Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 31st. Janney Montgomery Scott restated a “buy” rating on shares of Fluor Corp. in a research report on Tuesday, August 16th. Finally, Seaport Global Securities lowered shares of Fluor Corp. from an “accumulate” rating to a “neutral” rating and lowered their target price for the stock from $53.00 to $50.00 in a research report on Friday, October 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.23.
About Fluor Corp.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.