Mason Street Advisors LLC reduced its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,381 shares of the construction company’s stock after selling 1,203 shares during the quarter. Mason Street Advisors LLC’s holdings in Fluor Co. (NEW) were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. TRUE Private Wealth Advisors purchased a new position in shares of Fluor Co. (NEW) in the second quarter valued at $35,000. Quadrant Capital Group LLC grew its holdings in shares of Fluor Co. (NEW) by 126.9% in the third quarter. Quadrant Capital Group LLC now owns 2,485 shares of the construction company’s stock valued at $45,000 after purchasing an additional 1,390 shares in the last quarter. NuWave Investment Management LLC grew its holdings in shares of Fluor Co. (NEW) by 393.9% in the third quarter. NuWave Investment Management LLC now owns 3,067 shares of the construction company’s stock valued at $55,000 after purchasing an additional 2,446 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Fluor Co. (NEW) in the second quarter valued at $64,000. Finally, Coastal Investment Advisors Inc. grew its holdings in shares of Fluor Co. (NEW) by 674.0% in the second quarter. Coastal Investment Advisors Inc. now owns 1,904 shares of the construction company’s stock valued at $65,000 after purchasing an additional 1,658 shares in the last quarter. 85.15% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Fluor Co. (NEW) in a report on Friday, August 2nd. Credit Suisse Group cut their target price on shares of Fluor Co. (NEW) from $31.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. TheStreet lowered shares of Fluor Co. (NEW) from a “c” rating to a “d+” rating in a report on Friday, August 2nd. Barclays restated a “hold” rating and issued a $28.00 price target on shares of Fluor Co. (NEW) in a research report on Sunday, August 4th. Finally, Citigroup lowered their price target on Fluor Co. (NEW) from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.70.

Shares of FLR opened at $18.29 on Monday. The company has a market cap of $2.55 billion, a PE ratio of 8.51 and a beta of 2.17. The business has a fifty day moving average of $18.76 and a 200 day moving average of $24.87. Fluor Co. has a 52-week low of $16.00 and a 52-week high of $46.97. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.97.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 4th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. Fluor Co. (NEW)’s dividend payout ratio is presently 39.07%.

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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