Latest Stocks: Fluor Co. (NEW) (FLR) Shares Bought by LS Investment Advisors LLC

Latest Stocks: Fluor Co. (NEW) (FLR) Shares Bought by LS Investment Advisors LLC

LS Investment Advisors LLC raised its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,317 shares of the construction company’s stock after buying an additional 825 shares during the period. LS Investment Advisors LLC’s holdings in Fluor Co. (NEW) were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Virtus Investment Advisers Inc. purchased a new position in Fluor Co. (NEW) during the third quarter valued at approximately $112,000. Huntington National Bank raised its stake in shares of Fluor Co. (NEW) by 24.2% in the first quarter. Huntington National Bank now owns 2,727 shares of the construction company’s stock worth $143,000 after buying an additional 531 shares in the last quarter. SRB Corp raised its stake in shares of Fluor Co. (NEW) by 3.9% in the third quarter. SRB Corp now owns 2,945 shares of the construction company’s stock worth $151,000 after buying an additional 110 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Fluor Co. (NEW) during the first quarter valued at $194,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Fluor Co. (NEW) by 3.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,714 shares of the construction company’s stock valued at $183,000 after buying an additional 122 shares during the last quarter. 83.99% of the stock is owned by hedge funds and other institutional investors.

Fluor Co. (FLR) opened at 44.94 on Tuesday. The stock’s 50 day moving average price is $48.29 and its 200 day moving average price is $52.64. Fluor Co. has a 52 week low of $44.02 and a 52 week high of $58.37. The firm has a market capitalization of $6.28 billion, a P/E ratio of 26.59 and a beta of 1.56.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, May 4th. The construction company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.10. Fluor Co. (NEW) had a net margin of 0.87% and a return on equity of 14.81%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Fluor Co. will post $2.47 EPS for the current year. The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 2nd will be paid a $0.21 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 74.34%.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, May 4th. The construction company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.10. Fluor Co. (NEW) had a net margin of 0.87% and a return on equity of 14.81%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Fluor Co. will post $2.47 EPS for the current year. Several analysts recently weighed in on FLR shares. Credit Suisse Group AG restated a “hold” rating and issued a $58.00 price objective on shares of Fluor Co. (NEW) in a report on Friday, February 10th. DA Davidson reiterated a “neutral” rating on shares of Fluor Co. (NEW) in a report on Friday, February 10th. Canaccord Genuity reiterated a “hold” rating and issued a $57.00 target price on shares of Fluor Co. (NEW) in a report on Friday, February 17th. Citigroup Inc reiterated a “buy” rating and issued a $65.00 target price on shares of Fluor Co. (NEW) in a report on Monday, March 13th. Finally, Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Fluor Co. (NEW) currently has a consensus rating of “Hold” and a consensus price target of $54.91.

In related news, insider Robin K. Chopra sold 1,800 shares of Fluor Co. (NEW) stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $53.85, for a total value of $96,930.00. Following the sale, the insider now directly owns 8,562 shares in the company, valued at $461,063.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders. About Fluor Co. (NEW)

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