Calamos Advisors LLC Acquires 1,499 Shares of Fluor Corporation (NYSE:FLR)

Calamos Advisors LLC grew its position in Fluor Corporation (NYSE:FLR) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,318 shares of the construction company’s stock after purchasing an additional 1,499 shares during the period. Calamos Advisors LLC’s holdings in Fluor Corporation were worth $2,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC grew its position in Fluor Corporation by 1,807.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock worth $26,482,000 after purchasing an additional 509,200 shares during the last quarter. Capital Advisors Inc. OK bought a new position in Fluor Corporation in the 2nd quarter worth about $7,712,000. Hosking Partners LLP grew its position in Fluor Corporation by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 49,747 shares of the construction company’s stock worth $2,277,000 after purchasing an additional 808 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Fluor Corporation by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock worth $475,000 after purchasing an additional 48 shares during the last quarter. Finally, Banque Pictet & Cie SA grew its position in Fluor Corporation by 37.0% in the 2nd quarter. Banque Pictet & Cie SA now owns 129,650 shares of the construction company’s stock worth $5,935,000 after purchasing an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Fluor Corporation (FLR) traded up 0.07% during mid-day trading on Friday, reaching $40.43. 1,488,381 shares of the company traded hands. The firm has a market cap of $5.66 billion, a PE ratio of 50.47 and a beta of 1.41. The stock’s 50-day moving average price is $39.47 and its 200-day moving average price is $46.46. Fluor Corporation has a one year low of $37.04 and a one year high of $58.37.

Fluor Corporation (NYSE:FLR) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.59 by $0.13. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. Fluor Corporation’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. Analysts forecast that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 31st. Fluor Corporation’s dividend payout ratio is currently 106.33%.

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Several research analysts have commented on the stock. BidaskClub upgraded shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut shares of Fluor Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, June 12th. DA Davidson upgraded shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, June 1st. Deutsche Bank AG lowered shares of Fluor Corporation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $55.00 to $40.00 in a research note on Friday, August 4th. Finally, Johnson Rice lowered shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and reduced their price target for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.18.

Fluor Corporation 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.

Institutional Ownership by Quarter for Fluor Corporation (NYSE:FLR)

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