Fluor Co. (NEW) (FLR) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. raised its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 11.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,181,114 shares of the construction company’s stock after acquiring an additional 123,494 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.85% of Fluor Co. (NEW) worth $43,464,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in FLR. First Hawaiian Bank raised its stake in Fluor Co. (NEW) by 8.2% during the 4th quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock valued at $127,000 after acquiring an additional 300 shares during the last quarter. First Manhattan Co. raised its stake in shares of Fluor Co. (NEW) by 51.2% during the 1st quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock worth $33,000 after buying an additional 308 shares in the last quarter. Fruth Investment Management raised its stake in shares of Fluor Co. (NEW) by 5.4% during the 4th quarter. Fruth Investment Management now owns 9,800 shares of the construction company’s stock worth $315,000 after buying an additional 500 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Fluor Co. (NEW) by 1.6% during the 1st quarter. Gulf International Bank UK Ltd now owns 32,320 shares of the construction company’s stock worth $1,189,000 after buying an additional 500 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Fluor Co. (NEW) by 8.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,669 shares of the construction company’s stock worth $246,000 after buying an additional 529 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. MKM Partners set a $39.00 price target on Fluor Co. (NEW) and gave the stock a “hold” rating in a report on Friday, April 5th. ValuEngine upgraded Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. Credit Suisse Group restated a “buy” rating and issued a $56.00 price target on shares of Fluor Co. (NEW) in a report on Monday, February 11th. Finally, Macquarie upgraded Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Fluor Co. (NEW) has an average rating of “Hold” and a consensus price target of $46.45.

In other news, insider Ray F. Barnard sold 3,318 shares of Fluor Co. (NEW) stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $37.04, for a total transaction of $122,898.72. Following the sale, the insider now directly owns 75,739 shares of the company’s stock, valued at $2,805,372.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carlos M. Hernandez bought 17,001 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $29.52 per share, for a total transaction of $501,869.52. The disclosure for this purchase can be found here. Insiders sold 13,570 shares of company stock worth $506,670 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Shares of FLR stock traded up $0.23 during mid-day trading on Wednesday, hitting $28.76. 3,570,694 shares of the company’s stock were exchanged, compared to its average volume of 3,282,086. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.77. Fluor Co. has a fifty-two week low of $28.00 and a fifty-two week high of $60.60.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.68). The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Fluor Co. (NEW) had a return on equity of 8.90% and a net margin of 0.99%. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. As a group, analysts anticipate that Fluor Co. will post 1.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.92%. The ex-dividend date is Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 39.07%.

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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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