Fluor Co. (NEW) (NYSE:FLR) Holdings Cut by Retirement Systems of Alabama

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Retirement Systems of Alabama decreased its stake in Fluor Co. (NEW) (NYSE:FLR) by 51.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,893 shares of the construction company’s stock after selling 196,422 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of Fluor Co. (NEW) worth $3,480,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new position in shares of Fluor Co. (NEW) during the 3rd quarter worth about $186,000. Guardian Investment Management lifted its holdings in Fluor Co. (NEW) by 217.9% during the 3rd quarter. Guardian Investment Management now owns 62,000 shares of the construction company’s stock valued at $1,185,000 after purchasing an additional 42,500 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Fluor Co. (NEW) by 126.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,485 shares of the construction company’s stock valued at $45,000 after purchasing an additional 1,390 shares during the last quarter. World Asset Management Inc lifted its holdings in Fluor Co. (NEW) by 24.8% during the 3rd quarter. World Asset Management Inc now owns 17,729 shares of the construction company’s stock valued at $339,000 after purchasing an additional 3,518 shares during the last quarter. Finally, Harvey Investment Co. LLC bought a new position in Fluor Co. (NEW) during the 3rd quarter valued at about $957,000. Institutional investors own 89.42% of the company’s stock.

Several brokerages recently issued reports on FLR. Citigroup cut their price target on shares of Fluor Co. (NEW) from $25.00 to $23.00 and set a “buy” rating for the company in a report on Friday, November 1st. KeyCorp reissued a “hold” rating on shares of Fluor Co. (NEW) in a report on Friday, August 2nd. Credit Suisse Group cut their price target on shares of Fluor Co. (NEW) from $31.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Barclays reissued a “hold” rating and set a $28.00 price target on shares of Fluor Co. (NEW) in a report on Sunday, August 4th. Finally, Deutsche Bank set a $17.00 price target on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Fluor Co. (NEW) has an average rating of “Hold” and an average target price of $27.70.

Shares of NYSE FLR opened at $18.80 on Friday. Fluor Co. has a 1-year low of $16.00 and a 1-year high of $47.89. The company has a market cap of $2.68 billion, a PE ratio of 8.74 and a beta of 2.17. The company has a current ratio of 1.38, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average of $18.92 and a two-hundred day moving average of $25.54.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 4th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Tuesday, December 3rd. Fluor Co. (NEW)’s dividend payout ratio is presently 39.07%.

Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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

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