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

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LS Investment Advisors LLC lifted its position in Fluor Co. (NEW) (NYSE:FLR) by 26.0% in the 4th quarter, Holdings Channel reports. The firm owned 17,155 shares of the construction company’s stock after purchasing an additional 3,545 shares during the quarter. LS Investment Advisors LLC’s holdings in Fluor Co. (NEW) were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Fluor Co. (NEW) in the fourth quarter worth about $547,000. Dynamic Technology Lab Private Ltd purchased a new position in Fluor Co. (NEW) during the third quarter valued at approximately $1,755,000. Calamos Advisors LLC purchased a new position in Fluor Co. (NEW) during the fourth quarter valued at approximately $18,773,000. Standard Life Aberdeen plc raised its position in Fluor Co. (NEW) by 9.1% during the third quarter. Standard Life Aberdeen plc now owns 70,137 shares of the construction company’s stock valued at $4,075,000 after acquiring an additional 5,823 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in Fluor Co. (NEW) during the third quarter valued at approximately $1,083,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

FLR has been the subject of several recent research reports. Goldman Sachs Group upgraded Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Thursday, October 18th. MKM Partners reiterated a “neutral” rating and set a $39.00 price target on shares of Fluor Co. (NEW) in a research report on Tuesday, January 8th. Deutsche Bank reduced their price target on Fluor Co. (NEW) from $54.00 to $49.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. Zacks Investment Research cut Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Finally, TheStreet cut Fluor Co. (NEW) from a “b-” rating to a “c” rating in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $56.57.

Fluor Co. (NEW) stock opened at $34.48 on Monday. The company has a market capitalization of $4.85 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.75. Fluor Co. has a 12 month low of $29.78 and a 12 month high of $62.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.52 and a quick ratio of 1.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Monday, March 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 1st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 51.53%.

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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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