Metropolitan Life Insurance Co NY lessened its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,763 shares of the construction company’s stock after selling 659 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Fluor Co. (NEW) were worth $727,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in FLR. Rehmann Capital Advisory Group grew its holdings in Fluor Co. (NEW) by 133.2% during the first quarter. Rehmann Capital Advisory Group now owns 730 shares of the construction company’s stock worth $27,000 after acquiring an additional 417 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in shares of Fluor Co. (NEW) during the 4th quarter valued at about $33,000. First Manhattan Co. lifted its holdings in Fluor Co. (NEW) by 51.2% in the 1st quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock worth $33,000 after purchasing an additional 308 shares during the last quarter. Institutional & Family Asset Management LLC lifted its holdings in shares of Fluor Co. (NEW) by 211.7% during the first quarter. Institutional & Family Asset Management LLC now owns 957 shares of the construction company’s stock worth $35,000 after buying an additional 650 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of Fluor Co. (NEW) by 542.5% during the fourth quarter. Synovus Financial Corp now owns 1,150 shares of the construction company’s stock worth $37,000 after buying an additional 971 shares during the last quarter. Institutional investors own 89.40% of the company’s stock.
In other news, insider Alan L. Boeckmann acquired 16,000 shares of Fluor Co. (NEW) stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of $29.81 per share, for a total transaction of $476,960.00. Following the transaction, the insider now directly owns 17,250 shares of the company’s stock, valued at approximately $514,222.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carlos M. Hernandez bought 17,001 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $29.52 per share, for a total transaction of $501,869.52. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.68). The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. As a group, equities research analysts predict that Fluor Co. will post 1.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 3rd were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.65%. Fluor Co. (NEW)’s payout ratio is 39.07%.
A number of brokerages have recently commented on FLR. UBS Group upped their price target on Zayo Group from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Macquarie set a $325.00 price target on Arista Networks and gave the stock a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Citigroup set a $47.00 price target on Quanta Services and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, DA Davidson cut their price target on Sally Beauty to $16.50 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Two research 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 stock has a consensus rating of “Hold” and a consensus target price of $44.73.
Fluor Co. (NEW) 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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