Insight 2811 Inc. Sells 1,701 Shares of Fluor Co. (NEW) (FLR)

Insight 2811 Inc. cut its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,699 shares of the construction company’s stock after selling 1,701 shares during the period. Fluor Co. (NEW) comprises approximately 1.0% of Insight 2811 Inc.’s portfolio, making the stock its 11th largest position. Insight 2811 Inc.’s holdings in Fluor Co. (NEW) were worth $1,497,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. San Francisco Sentry Investment Group CA raised its holdings in Fluor Co. (NEW) by 5,010.0% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock worth $100,000 after purchasing an additional 2,004 shares during the last quarter. Whittier Trust Co. raised its holdings in Fluor Co. (NEW) by 393.4% during the 2nd quarter. Whittier Trust Co. now owns 2,985 shares of the construction company’s stock worth $230,000 after purchasing an additional 2,380 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Fluor Co. (NEW) during the 1st quarter worth approximately $184,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Fluor Co. (NEW) by 133.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,380 shares of the construction company’s stock worth $260,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Comerica Securities Inc. bought a new position in Fluor Co. (NEW) during the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 88.48% of the company’s stock.

Several research analysts have issued reports on FLR shares. Vertical Research lowered shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a report on Friday, May 4th. Citigroup set a $69.00 price target on shares of Fluor Co. (NEW) and gave the stock a “buy” rating in a report on Friday, May 4th. ValuEngine lowered shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Barclays set a $60.00 price target on shares of Fluor Co. (NEW) and gave the stock a “hold” rating in a report on Tuesday, May 29th. Finally, TheStreet upgraded shares of Fluor Co. (NEW) from a “c” rating to a “b-” rating in a report on Thursday, August 2nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Fluor Co. (NEW) currently has an average rating of “Buy” and an average target price of $56.29.

NYSE:FLR opened at $57.70 on Monday. The firm has a market capitalization of $8.11 billion, a PE ratio of 35.40, a P/E/G ratio of 0.73 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.03. Fluor Co. has a twelve month low of $37.38 and a twelve month high of $62.09.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.58 billion. Fluor Co. (NEW) had a net margin of 1.28% and a return on equity of 11.63%. Fluor Co. (NEW)’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. analysts forecast that Fluor Co. will post 2.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 4th will be paid a $0.21 dividend. The ex-dividend date is Friday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. Fluor Co. (NEW)’s dividend payout ratio is currently 51.53%.

Fluor Co. (NEW) Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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