Mission Wealth Management LP acquired a new position in Fluor Co. (NEW) (NYSE:FLR) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,900 shares of the construction company’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in the stock. American International Group Inc. boosted its position in shares of Fluor Co. (NEW) by 14.8% in the 4th quarter. American International Group Inc. now owns 47,891 shares of the construction company’s stock worth $2,474,000 after buying an additional 6,180 shares in the last quarter. Wealthfront Inc. lifted its holdings in Fluor Co. (NEW) by 20.6% in the 4th quarter. Wealthfront Inc. now owns 13,039 shares of the construction company’s stock valued at $673,000 after purchasing an additional 2,225 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Fluor Co. (NEW) by 209.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,902,330 shares of the construction company’s stock valued at $201,554,000 after purchasing an additional 2,640,432 shares in the last quarter. Advanced Asset Management Advisors Inc purchased a new position in Fluor Co. (NEW) in the 4th quarter valued at about $594,000. Finally, Rhumbline Advisers lifted its holdings in Fluor Co. (NEW) by 1.6% in the 4th quarter. Rhumbline Advisers now owns 240,447 shares of the construction company’s stock valued at $12,419,000 after purchasing an additional 3,778 shares in the last quarter. Institutional investors and hedge funds own 87.13% of the company’s stock.

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FLR has been the topic of a number of recent research reports. TheStreet upgraded shares of Fluor Co. (NEW) from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Canaccord Genuity restated a “buy” rating and issued a $64.00 target price on shares of Fluor Co. (NEW) in a report on Wednesday, February 21st. Citigroup upped their target price on shares of Fluor Co. (NEW) from $74.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. ValuEngine upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Barclays initiated coverage on shares of Fluor Co. (NEW) in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $54.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Fluor Co. (NEW) has an average rating of “Hold” and a consensus target price of $58.00.

In related news, insider Robin K. Chopra sold 3,889 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $57.69, for a total transaction of $224,356.41. Following the completion of the sale, the insider now owns 14,743 shares of the company’s stock, valued at approximately $850,523.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robin K. Chopra sold 5,553 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.49, for a total transaction of $319,241.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,218 shares of company stock valued at $6,953,603. Corporate insiders own 1.40% of the company’s stock.

Fluor Co. (NYSE FLR) opened at $57.31 on Friday. Fluor Co. has a one year low of $37.04 and a one year high of $62.09. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The company has a market cap of $8,020.00, a PE ratio of 30.16, a PEG ratio of 1.06 and a beta of 1.52.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. Fluor Co. (NEW) had a net margin of 0.98% and a return on equity of 10.95%. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. sell-side analysts forecast that Fluor Co. will post 3.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Wednesday, February 28th. Fluor Co. (NEW)’s dividend payout ratio is currently 44.21%.

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Fluor Co. (NEW) Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

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

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