Trading Report: Today, Investment Counselors of Maryland LLC decides to keep it stake in Fluor Corp. (FLR) to the level of $202,000

Today, Investment Counselors of Maryland LLC decides to keep it stake in Fluor Corp. (FLR) to the level of $202,000

Investment Counselors of Maryland LLC increased its stake in Fluor Corp. (NYSE:FLR) by 30.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,930 shares of the company’s stock after buying an additional 908 shares during the period. Investment Counselors of Maryland LLC’s holdings in Fluor Corp. were worth $202,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Shell Asset Management Co. raised its stake in Fluor Corp. by 26.1% in the second quarter. Shell Asset Management Co. now owns 31,262 shares of the company’s stock valued at $1,541,000 after buying an additional 6,469 shares during the period. Legal & General Group Plc raised its stake in Fluor Corp. by 6.7% in the first quarter. Legal & General Group Plc now owns 732,118 shares of the company’s stock valued at $39,314,000 after buying an additional 46,068 shares during the period. Personal Capital Advisors Corp raised its stake in Fluor Corp. by 13.9% in the second quarter. Personal Capital Advisors Corp now owns 350,412 shares of the company’s stock valued at $17,268,000 after buying an additional 42,663 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in Fluor Corp. by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 36,040 shares of the company’s stock valued at $1,776,000 after buying an additional 2,217 shares during the period. Finally, Creative Planning raised its stake in Fluor Corp. by 44.6% in the second quarter. Creative Planning now owns 9,873 shares of the company’s stock valued at $487,000 after buying an additional 3,044 shares during the period. 83.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fluor Corp. (NYSE:FLR) traded up 1.11% during trading on Friday, reaching $54.82. The company had a trading volume of 1,148,022 shares. Fluor Corp. has a 12 month low of $39.48 and a 12 month high of $55.69. The firm has a market capitalization of $7.63 billion, a P/E ratio of 48.51 and a beta of 1.61. The firm’s 50 day moving average price is $50.37 and its 200 day moving average price is $51.14.

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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, November 30th. Fluor Corp.’s payout ratio is 74.34%.

A number of equities analysts have issued reports on FLR shares. Zacks Investment Research downgraded 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 target on Fluor Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 31st. DA Davidson downgraded Fluor Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $60.00 to $52.00 in a research report on Friday, November 4th. Macquarie downgraded Fluor Corp. from an “outperform” rating to a “neutral” rating in a research report on Friday, November 4th. Finally, Johnson Rice downgraded Fluor Corp. from an “accumulate” rating to a “hold” rating in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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.

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