440 Investment Group LLC maintained its stake in shares of Fluor Corporation (NYSE:FLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the construction company’s stock at the end of the second quarter. 440 Investment Group LLC’s holdings in Fluor Corporation were worth $229,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. RMB Capital Management LLC increased its stake in shares of Fluor Corporation by 0.6% in the first quarter. RMB Capital Management LLC now owns 5,701 shares of the construction company’s stock valued at $300,000 after buying an additional 34 shares during the period. CIBC Asset Management Inc increased its stake in shares of Fluor Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock valued at $605,000 after buying an additional 43 shares during the period. ING Groep NV increased its stake in shares of Fluor Corporation by 0.8% in the second quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock valued at $328,000 after buying an additional 55 shares during the period. Advantus Capital Management Inc increased its stake in shares of Fluor Corporation by 0.6% in the first quarter. Advantus Capital Management Inc now owns 13,815 shares of the construction company’s stock valued at $727,000 after buying an additional 79 shares during the period. Finally, Cadence Capital Management LLC increased its stake in shares of Fluor Corporation by 2.4% in the first quarter. Cadence Capital Management LLC now owns 4,198 shares of the construction company’s stock valued at $221,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 82.77% of the company’s stock.

Fluor Corporation (FLR) opened at 39.07 on Friday. The company has a market capitalization of $5.47 billion, a PE ratio of 48.78 and a beta of 1.39. Fluor Corporation has a 52-week low of $38.42 and a 52-week high of $58.37. The firm’s 50-day moving average is $44.05 and its 200-day moving average is $49.46.

Fluor Corporation (NYSE:FLR) last issued 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 business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, equities research analysts forecast that Fluor Corporation will post $1.50 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.15%. Fluor Corporation’s dividend payout ratio (DPR) is presently 106.33%.

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Several brokerages have commented on FLR. BidaskClub upgraded shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Credit Suisse Group set a $59.00 price objective on shares of Fluor Corporation and gave the company a “hold” rating in a report on Saturday, April 22nd. DA Davidson upgraded shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, June 1st. Zacks Investment Research upgraded shares of Fluor Corporation from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Monday, May 1st. Finally, Canaccord Genuity upgraded shares of Fluor Corporation from a “hold” rating to a “buy” rating and lowered their price objective for the company from $57.00 to $55.00 in a report on Monday, May 8th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $50.10.

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.

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

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