Livingston Group Asset Management CO operating as Southport Capital Management lowered its stake in Fluor Corp. (NYSE:FLR) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,550 shares of the company’s stock after selling 400 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Fluor Corp. were worth $274,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of FLR. Citizens Financial Group Inc RI increased its stake 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 worth $108,000 after buying an additional 200 shares during the period. BlueMountain Capital Management LLC increased 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 period. IFP Advisors Inc increased its stake in 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 acquired a new stake in Fluor Corp. during the first quarter worth approximately $204,000. Finally, Reynolds Capital Management LLC acquired a new stake in Fluor Corp. during the first quarter worth approximately $204,000. 84.35% of the stock is owned by hedge funds and other institutional investors.
Fluor Corp. (NYSE:FLR) traded up 1.24% during trading on Friday, hitting $51.32. The stock had a trading volume of 920,453 shares. Fluor Corp. has a 12-month low of $39.48 and a 12-month high of $55.69. The company has a market cap of $7.15 billion, a P/E ratio of 22.45 and a beta of 1.85. The company has a 50 day moving average of $51.04 and a 200-day moving average of $52.00.
Fluor Corp. (NYSE:FLR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.16. The firm earned $4.86 billion during the quarter, compared to analyst estimates of $4.73 billion. Fluor Corp. had a net margin of 1.81% and a return on equity of 15.45%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. On average, equities analysts predict that Fluor Corp. will post $3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 2nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. Fluor Corp.’s dividend payout ratio (DPR) is 37.00%.
A number of research analysts have recently weighed in on FLR shares. Zacks Investment Research upgraded Fluor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Bank of America Corp. restated a “sell” rating and issued a $50.00 price target on shares of Fluor Corp. in a research report on Friday, August 5th. Credit Suisse Group AG restated an “outperform” rating and issued a $62.00 price target on shares of Fluor Corp. in a research report on Wednesday, July 6th. Janney Montgomery Scott restated a “buy” rating on shares of Fluor Corp. in a research report on Tuesday, August 16th. Finally, MKM Partners set a $52.00 price target on Fluor Corp. and gave the company a “hold” rating in a research report on Friday, August 5th. One 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. Fluor Corp. has an average rating of “Hold” and a consensus target price of $53.00.
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.
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