Sigma Planning Corp Buys 4,304 Shares of Fluor Corporation (FLR)

Sigma Planning Corp lifted its stake in Fluor Corporation (NYSE:FLR) by 58.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,658 shares of the construction company’s stock after buying an additional 4,304 shares during the period. Sigma Planning Corp’s holdings in Fluor Corporation were worth $491,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mutual of America Capital Management LLC raised its holdings in shares of Fluor Corporation by 15.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,761 shares of the construction company’s stock worth $832,000 after buying an additional 2,592 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Fluor Corporation by 35.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock worth $1,872,000 after buying an additional 10,782 shares in the last quarter. BlueMountain Capital Management LLC raised its holdings in shares of Fluor Corporation by 105.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock worth $2,130,000 after buying an additional 23,837 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Fluor Corporation by 14.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock worth $56,466,000 after buying an additional 156,705 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Fluor Corporation by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock worth $36,490,000 after buying an additional 7,877 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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Fluor Corporation (NYSE FLR) traded down $0.39 during midday trading on Thursday, reaching $45.27. The company had a trading volume of 1,162,500 shares, compared to its average volume of 1,416,599. The company has a market cap of $6,386.71, a price-to-earnings ratio of 16.42, a PEG ratio of 3.18 and a beta of 1.42. Fluor Corporation has a 1-year low of $37.03 and a 1-year 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.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be given a $0.21 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. Fluor Corporation’s payout ratio is 58.74%.

FLR has been the subject of a number of recent research reports. Robert W. Baird increased their target price on Fluor Corporation from $40.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. UBS AG increased their target price on Fluor Corporation from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Stephens reissued an “overweight” rating and issued a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a report on Saturday, October 14th. Deutsche Bank AG cut Fluor Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $40.00 in a report on Friday, August 4th. Finally, Seaport Global Securities reissued a “neutral” rating and issued a $44.00 target price (down from $50.00) on shares of Fluor Corporation in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Fluor Corporation has an average rating of “Hold” and an average target price of $47.45.

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.

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

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