Twin Tree Management LP Has $451,000 Stake in Fluor Co. (NEW) (FLR)

Twin Tree Management LP cut its stake in Fluor Co. (NEW) (NYSE:FLR) by 58.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,759 shares of the construction company’s stock after selling 10,828 shares during the quarter. Twin Tree Management LP’s holdings in Fluor Co. (NEW) were worth $451,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. San Francisco Sentry Investment Group CA lifted its stake in Fluor Co. (NEW) by 5,010.0% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock valued at $100,000 after buying an additional 2,004 shares in the last quarter. Zions Bancorporation purchased a new position in Fluor Co. (NEW) in the 3rd quarter valued at about $122,000. Whittier Trust Co. lifted its stake in Fluor Co. (NEW) by 393.4% in the 2nd quarter. Whittier Trust Co. now owns 2,985 shares of the construction company’s stock valued at $230,000 after buying an additional 2,380 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Fluor Co. (NEW) in the 2nd quarter valued at about $163,000. Finally, Girard Partners LTD. purchased a new position in Fluor Co. (NEW) in the 3rd quarter valued at about $203,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of Fluor Co. (NEW) in a research note on Tuesday, November 13th. MKM Partners set a $49.00 price target on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a research note on Friday, November 2nd. Barclays set a $55.00 price target on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a research note on Saturday, November 3rd. Deutsche Bank decreased their price target on shares of Fluor Co. (NEW) from $54.00 to $49.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, TheStreet raised shares of Fluor Co. (NEW) from a “c” rating to a “b-” rating in a research note on Thursday, August 2nd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.36.

FLR opened at $41.66 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.52. Fluor Co. has a 1-year low of $41.30 and a 1-year high of $62.09. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 0.60 and a beta of 1.67.

Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, November 1st. The construction company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same period last year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. Sell-side analysts forecast that Fluor Co. will post 2.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Monday, December 3rd. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 51.53%.

In other Fluor Co. (NEW) news, Chairman David Thomas Seaton bought 5,158 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were acquired at an average cost of $48.52 per share, with a total value of $250,266.16. Following the purchase, the chairman now directly owns 301,400 shares of the company’s stock, valued at approximately $14,623,928. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.

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Fluor Co. (NEW) 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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