Northwestern Mutual Investment Management Company LLC Acquires 14,997 Shares of Fluor Co. (NEW) (FLR)

Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 113.9% during the first quarter, Holdings Channel reports. The institutional investor owned 28,169 shares of the construction company’s stock after buying an additional 14,997 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Fluor Co. (NEW) were worth $1,482,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wrapmanager Inc. increased its position in shares of Fluor Co. (NEW) by 0.3% in the fourth quarter. Wrapmanager Inc. now owns 6,390 shares of the construction company’s stock worth $336,000 after buying an additional 18 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Fluor Co. (NEW) by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,982 shares of the construction company’s stock worth $419,000 after buying an additional 29 shares during the period. Cullinan Associates Inc. increased its position in shares of Fluor Co. (NEW) by 0.3% in the first quarter. Cullinan Associates Inc. now owns 33,000 shares of the construction company’s stock worth $1,736,000 after buying an additional 100 shares during the period. SRB Corp increased its position in shares of Fluor Co. (NEW) by 3.9% in the third quarter. SRB Corp now owns 2,945 shares of the construction company’s stock worth $151,000 after buying an additional 110 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Fluor Co. (NEW) by 3.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,714 shares of the construction company’s stock worth $183,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 83.99% of the company’s stock.

Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

Shares of Fluor Co. (NYSE:FLR) traded up 0.84% during midday trading on Friday, reaching $45.85. The company’s stock had a trading volume of 1,344,938 shares. The company’s 50-day moving average price is $50.32 and its 200 day moving average price is $52.91. The company has a market capitalization of $6.41 billion, a P/E ratio of 27.13 and a beta of 1.56. Fluor Co. has a 12-month low of $44.05 and a 12-month high of $58.37.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings results on Thursday, May 4th. The construction company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by $0.10. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.83 billion. Fluor Co. (NEW) had a net margin of 0.87% and a return on equity of 14.81%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. On average, equities research analysts forecast that Fluor Co. will post $2.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 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 1.85%. The ex-dividend date of this dividend is Wednesday, May 31st. Fluor Co. (NEW)’s payout ratio is 74.34%.

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FLR has been the subject of a number of analyst reports. Johnson Rice upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, January 25th. Credit Suisse Group AG raised their price objective on Fluor Co. (NEW) from $49.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 31st. DA Davidson restated a “neutral” rating on shares of Fluor Co. (NEW) in a research report on Friday, February 10th. Citigroup Inc restated a “buy” rating and set a $65.00 price objective on shares of Fluor Co. (NEW) in a research report on Monday, March 13th. Finally, Canaccord Genuity restated a “hold” rating and set a $57.00 price objective on shares of Fluor Co. (NEW) in a research report on Friday, February 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $54.64.

In other Fluor Co. (NEW) news, insider Ray F. Barnard sold 7,490 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $57.18, for a total transaction of $428,278.20. Following the completion of the transaction, the insider now owns 68,811 shares of the company’s stock, valued at approximately $3,934,612.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin K. Chopra sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $53.85, for a total value of $96,930.00. Following the transaction, the insider now directly owns 8,562 shares of the company’s stock, valued at approximately $461,063.70. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Fluor Co. (NEW) Company Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

5 Day Chart for NYSE:FLR

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