Supplemental Annuity Collective Trust of NJ held its stake in shares of Fluor Corp. (NYSE:FLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,220 shares of the company’s stock at the end of the second quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Fluor Corp. were worth $405,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Fluor Corp. during the second quarter valued at $6,072,000. State Street Corp boosted its stake in shares of Fluor Corp. by 1.7% in the first quarter. State Street Corp now owns 6,804,621 shares of the company’s stock valued at $365,407,000 after buying an additional 115,926 shares during the period. Peconic Partners LLC acquired a new stake in shares of Fluor Corp. during the first quarter valued at $5,379,000. HBK Investments L P boosted its stake in shares of Fluor Corp. by 404.0% in the first quarter. HBK Investments L P now owns 120,134 shares of the company’s stock valued at $6,451,000 after buying an additional 96,298 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Fluor Corp. by 70.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,357 shares of the company’s stock valued at $9,924,000 after buying an additional 83,517 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.
Fluor Corp. (NYSE:FLR) traded up 2.84% during midday trading on Friday, reaching $52.11. 1,880,879 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $50.05 and a 200-day moving average of $51.60. Fluor Corp. has a 12 month low of $39.48 and a 12 month high of $55.69. The stock has a market cap of $7.26 billion, a PE ratio of 22.80 and a beta of 1.74.
Fluor Corp. (NYSE:FLR) last issued its earnings results on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by $0.16. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fluor Corp. had a return on equity of 15.45% and a net margin of 1.81%. Fluor Corp.’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. On average, equities research analysts predict that Fluor Corp. will post $3.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 2nd were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Wednesday, August 31st. Fluor Corp.’s payout ratio is 37.00%.
FLR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Fluor Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Bank of America Corp. reiterated a “sell” rating and issued a $50.00 price objective on shares of Fluor Corp. in a research note on Friday, August 5th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $62.00 price objective on shares of Fluor Corp. in a research note on Wednesday, July 6th. Janney Montgomery Scott reiterated a “buy” rating on shares of Fluor Corp. in a research note on Tuesday, August 16th. Finally, MKM Partners set a $52.00 target price on shares of Fluor Corp. and gave the company a “hold” rating in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.80.
Fluor Corp. Company Profile
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.