Tudor Investment Corp ET AL raised its stake in Fluor Corporation (NYSE:FLR) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the construction company’s stock after buying an additional 200 shares during the period. Tudor Investment Corp ET AL’s holdings in Fluor Corporation were worth $468,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in FLR. Shelton Capital Management increased its stake in shares of Fluor Corporation by 61.9% in the first quarter. Shelton Capital Management now owns 105,930 shares of the construction company’s stock valued at $5,574,000 after buying an additional 40,511 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Fluor Corporation by 295.0% in the first quarter. AQR Capital Management LLC now owns 108,226 shares of the construction company’s stock valued at $5,695,000 after buying an additional 80,827 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Fluor Corporation during the first quarter valued at about $413,000. Gotham Asset Management LLC acquired a new stake in shares of Fluor Corporation during the first quarter valued at about $19,823,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Fluor Corporation during the first quarter valued at about $268,000. 82.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Fluor Corporation (FLR) traded up 0.03% on Tuesday, hitting $39.19. The stock had a trading volume of 2,721,634 shares. The firm’s 50 day moving average is $44.84 and its 200-day moving average is $49.95. Fluor Corporation has a one year low of $38.78 and a one year high of $58.37. The stock has a market capitalization of $5.48 billion, a PE ratio of 23.19 and a beta of 1.39.
Fluor Corporation (NYSE:FLR) last released its earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.13. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Fluor Corporation’s revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that Fluor Corporation will post $1.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.84 annualized dividend and a yield of 2.14%. Fluor Corporation’s payout ratio is presently 106.33%.
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A number of research firms have recently weighed in on FLR. Johnson Rice downgraded Fluor Corporation from a “buy” rating to an “accumulate” rating and set a $48.00 price target for the company. in a research note on Monday. Canaccord Genuity set a $48.00 price target on Fluor Corporation and gave the stock a “buy” rating in a research note on Sunday. DA Davidson downgraded Fluor Corporation from a “buy” rating to a “neutral” rating in a research note on Friday. Deutsche Bank AG downgraded Fluor Corporation from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $40.00 in a research note on Friday. Finally, BidaskClub downgraded Fluor Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $50.80.
About Fluor Corporation
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.
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