Trading Report: The Fluor Corp. (FLR) Position Maintained by Whittier Trust Co. of Nevada Inc.

The Fluor Corp. (FLR) Position Maintained by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. maintained its stake in shares of Fluor Corp. (NYSE:FLR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,400 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Fluor Corp. were worth $119,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. IBM Retirement Fund raised its position in Fluor Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 14,083 shares of the company’s stock valued at $694,000 after buying an additional 36 shares during the period. Cullinan Associates Inc. raised its position in Fluor Corp. by 0.5% in the first quarter. Cullinan Associates Inc. now owns 19,000 shares of the company’s stock valued at $1,020,000 after buying an additional 100 shares during the period. Highland Capital Management LLC raised its position in Fluor Corp. by 0.5% in the second quarter. Highland Capital Management LLC now owns 25,362 shares of the company’s stock valued at $1,250,000 after buying an additional 115 shares during the period. Citizens Financial Group Inc RI raised its position in Fluor Corp. by 11.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,006 shares of the company’s stock valued at $108,000 after buying an additional 200 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Fluor Corp. by 2.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,250 shares of the company’s stock valued at $551,000 after buying an additional 290 shares during the period. 84.36% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Corp. (NYSE:FLR) traded down 0.24% during midday trading on Thursday, hitting $50.40. 945,891 shares of the company traded hands. The firm has a market capitalization of $7.02 billion, a PE ratio of 22.05 and a beta of 1.74. Fluor Corp. has a 12-month low of $39.48 and a 12-month high of $55.69. The stock’s 50-day moving average is $50.68 and its 200-day moving average is $51.81.

Fluor Corp. (NYSE:FLR) last issued its earnings results on Thursday, August 4th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.16. Fluor Corp. had a net margin of 1.81% and a return on equity of 15.45%. The firm earned $4.86 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the company posted $1.00 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate that Fluor Corp. will post $3.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 2nd were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.66%. The ex-dividend date was Wednesday, August 31st. Fluor Corp.’s payout ratio is presently 37.00%.

Several research analysts have issued reports on the stock. 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 price objective on shares of Fluor Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 31st. MKM Partners assumed coverage on shares of Fluor Corp. in a research report on Wednesday, June 29th. They set a “neutral” rating and a $52.00 price objective on the stock. Janney Montgomery Scott reiterated a “buy” rating on shares of Fluor Corp. in a research report on Tuesday, August 16th. Finally, DA Davidson reiterated a “buy” rating on shares of Fluor Corp. in a research report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.00.

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.

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