California State Teachers Retirement System lessened its stake in Fluor Corporation (NYSE:FLR) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 261,765 shares of the construction company’s stock after selling 9,496 shares during the period. California State Teachers Retirement System owned about 0.19% of Fluor worth $11,020,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLR. Captrust Financial Advisors bought a new stake in shares of Fluor during the 2nd quarter valued at about $169,000. Greenwood Capital Associates LLC boosted its position in shares of Fluor by 10.5% during the 2nd quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock valued at $207,000 after purchasing an additional 430 shares in the last quarter. Investment Counselors of Maryland LLC boosted its position in shares of Fluor by 73.6% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock valued at $241,000 after purchasing an additional 2,431 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Fluor during the 3rd quarter valued at about $299,000. Finally, Advisory Services Network LLC boosted its position in shares of Fluor by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock valued at $325,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.

Several equities research analysts recently commented on FLR shares. Canaccord Genuity restated a “buy” rating and set a $54.00 target price on shares of Fluor in a research report on Monday, November 6th. Citigroup set a $53.00 target price on Fluor and gave the company a “buy” rating in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and set a $50.00 target price on shares of Fluor in a research report on Friday, September 22nd. Barclays started coverage on Fluor in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $54.00 target price on the stock. Finally, Robert W. Baird restated a “hold” rating and set a $40.00 target price on shares of Fluor in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.00.

In other news, insider Jose Luis M. Bustamante sold 2,750 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.63, for a total value of $133,732.50. Following the completion of the sale, the insider now directly owns 38,757 shares of the company’s stock, valued at $1,884,752.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman David Thomas Seaton sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $47.57, for a total value of $1,902,800.00. Following the completion of the sale, the chairman now directly owns 276,643 shares of the company’s stock, valued at $13,159,907.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,932 shares of company stock worth $2,191,092. 1.30% of the stock is owned by company insiders.

Fluor Corporation (NYSE:FLR) opened at $51.07 on Monday. Fluor Corporation has a 52 week low of $37.03 and a 52 week high of $58.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.18 and a current ratio of 1.56. The firm has a market capitalization of $7,170.01, a P/E ratio of 35.71, a P/E/G ratio of 3.57 and a beta of 1.46.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Fluor had a return on equity of 11.69% and a net margin of 1.03%. The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. analysts anticipate that Fluor Corporation will post 1.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, December 4th. Fluor’s dividend payout ratio (DPR) is currently 58.74%.

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Fluor 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 (NYSE:FLR)

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