Lucus Advisors LLC reduced its stake in shares of Fluor Corp. (NYSE:FLR) by 26.6% during the second quarter, Holdings Channel reports. The institutional investor owned 7,062 shares of the company’s stock after selling 2,557 shares during the period. Lucus Advisors LLC’s holdings in Fluor Corp. were worth $348,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in FLR. Citizens Financial Group Inc RI raised its stake in shares of Fluor Corp. by 11.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,006 shares of the company’s stock worth $108,000 after buying an additional 200 shares during the period. BlueMountain Capital Management LLC raised its stake in shares of 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 period. IFP Advisors Inc raised its stake in shares of Fluor Corp. by 23.3% in the first quarter. IFP Advisors Inc now owns 2,801 shares of the company’s stock worth $150,000 after buying an additional 529 shares during the period. Optimum Investment Advisors purchased a new stake in shares of Fluor Corp. during the first quarter worth about $204,000. Finally, Reynolds Capital Management LLC purchased a new stake in shares of Fluor Corp. during the first quarter worth about $204,000. Institutional investors and hedge funds own 84.35% of the company’s stock.
Fluor Corp. (NYSE:FLR) traded up 1.24% during midday trading on Friday, reaching $51.32. 920,453 shares of the company were exchanged. Fluor Corp. has a one year low of $39.48 and a one year high of $55.69. The firm has a market cap of $7.15 billion, a P/E ratio of 22.45 and a beta of 1.85. The firm’s 50-day moving average is $51.02 and its 200-day moving average is $52.00.
Fluor Corp. (NYSE:FLR) last released its earnings results on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.16. The firm earned $4.86 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fluor Corp. had a return on equity of 15.45% and a net margin of 1.81%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. On average, equities analysts expect that Fluor Corp. will post $3.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 2nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, August 31st. Fluor Corp.’s payout ratio is presently 37.00%.
A number of brokerages recently issued reports on FLR. Credit Suisse Group AG restated a “buy” rating on shares of Fluor Corp. in a research report on Saturday, June 4th. DA Davidson restated a “buy” rating on shares of Fluor Corp. in a research report on Tuesday, August 16th. MKM Partners began coverage on shares of Fluor Corp. in a research report on Wednesday, June 29th. They set a “neutral” rating and a $52.00 target price on the stock. Janney Montgomery Scott restated a “buy” rating on shares of Fluor Corp. in a research report on Tuesday, August 16th. Finally, Bank of America Corp. restated a “sell” rating and set a $50.00 target price on shares of Fluor Corp. in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently 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.
Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Corp. (NYSE:FLR).
Receive News & Ratings for Fluor Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Corp. and related companies with MarketBeat.com's FREE daily email newsletter.