Becker Capital Management Inc. lessened its holdings in Fluor Co. (NEW) (NYSE:FLR) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 391,943 shares of the construction company’s stock after selling 7,088 shares during the period. Becker Capital Management Inc.’s holdings in Fluor Co. (NEW) were worth $14,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FLR. Legal & General Group Plc boosted its stake in shares of Fluor Co. (NEW) by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 757,940 shares of the construction company’s stock worth $44,037,000 after buying an additional 24,204 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Fluor Co. (NEW) by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 14,347,886 shares of the construction company’s stock worth $833,612,000 after buying an additional 175,647 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of Fluor Co. (NEW) during the 4th quarter worth about $229,000. Bank of Montreal Can boosted its stake in shares of Fluor Co. (NEW) by 26.7% during the 4th quarter. Bank of Montreal Can now owns 127,545 shares of the construction company’s stock worth $4,106,000 after buying an additional 26,916 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of Fluor Co. (NEW) by 12.2% during the 4th quarter. IFM Investors Pty Ltd now owns 9,378 shares of the construction company’s stock worth $302,000 after buying an additional 1,016 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.

A number of equities analysts have recently commented on FLR shares. Credit Suisse Group restated a “buy” rating and set a $56.00 price objective on shares of Fluor Co. (NEW) in a research note on Monday, February 11th. ValuEngine downgraded shares of Fluor Co. (NEW) from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. DA Davidson cut their target price on shares of Fluor Co. (NEW) to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Finally, MKM Partners set a $39.00 target price on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $46.45.

Shares of NYSE:FLR opened at $29.48 on Thursday. Fluor Co. has a 52-week low of $28.00 and a 52-week high of $60.60. The stock has a market capitalization of $4.14 billion, a P/E ratio of 13.71, a PEG ratio of 1.37 and a beta of 1.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.04.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, sell-side analysts expect that Fluor Co. will post 1.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd will be paid a $0.21 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.84 annualized dividend and a yield of 2.85%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is currently 39.07%.

In related news, insider Ray F. Barnard sold 7,515 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.57, for a total value of $282,338.55. Following the completion of the sale, the insider now directly owns 86,572 shares in the company, valued at approximately $3,252,510.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jose Luis M. Bustamante sold 2,737 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $37.06, for a total transaction of $101,433.22. Following the completion of the sale, the executive vice president now owns 73,409 shares of the company’s stock, valued at $2,720,537.54. The disclosure for this sale can be found here. Insiders sold a total of 13,570 shares of company stock valued at $506,670 over the last quarter. 1.40% of the stock is currently owned by company insiders.

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Fluor Co. (NEW) Company 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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