LSV Asset Management Sells 134,800 Shares of Fluor Corporation (FLR)

LSV Asset Management trimmed its holdings in shares of Fluor Corporation (NYSE:FLR) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,052,892 shares of the construction company’s stock after selling 134,800 shares during the period. LSV Asset Management owned 0.75% of Fluor Corporation worth $48,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FLR. Strs Ohio raised its stake in shares of Fluor Corporation by 1.5% during the first quarter. Strs Ohio now owns 11,100 shares of the construction company’s stock worth $584,000 after buying an additional 166 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Fluor Corporation by 268.8% during the first quarter. Russell Investments Group Ltd. now owns 228,013 shares of the construction company’s stock worth $11,999,000 after buying an additional 166,189 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Fluor Corporation by 2.5% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,307 shares of the construction company’s stock worth $594,000 after buying an additional 280 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Fluor Corporation by 4.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,415 shares of the construction company’s stock worth $1,179,000 after buying an additional 897 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Fluor Corporation by 21.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,840 shares of the construction company’s stock worth $307,000 after buying an additional 1,015 shares during the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on FLR shares. BidaskClub downgraded shares of Fluor Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. DA Davidson raised shares of Fluor Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, June 1st. Zacks Investment Research downgraded shares of Fluor Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, June 12th. Canaccord Genuity raised shares of Fluor Corporation from a “hold” rating to a “buy” rating and dropped their price target for the stock from $57.00 to $55.00 in a research note on Monday, May 15th. Finally, Credit Suisse Group dropped their price target on shares of Fluor Corporation from $69.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $49.18.

Fluor Corporation (FLR) opened at 39.10 on Friday. The firm has a market cap of $5.47 billion, a PE ratio of 48.81 and a beta of 1.41. The company’s 50-day moving average is $40.22 and its 200-day moving average is $47.03. Fluor Corporation has a one year low of $37.04 and a one year high of $58.37.

Fluor Corporation (NYSE:FLR) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the business earned $0.72 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, analysts forecast that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.

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

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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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