Oakbrook Investments LLC lifted its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 9.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,500 shares of the construction company’s stock after buying an additional 1,290 shares during the period. Oakbrook Investments LLC’s holdings in Fluor Co. (NEW) were worth $522,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rehmann Capital Advisory Group boosted its position in shares of Fluor Co. (NEW) by 133.2% during the first quarter. Rehmann Capital Advisory Group now owns 730 shares of the construction company’s stock valued at $27,000 after buying an additional 417 shares during the last quarter. First Manhattan Co. boosted its position in shares of Fluor Co. (NEW) by 51.2% during the first quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock valued at $33,000 after buying an additional 308 shares during the last quarter. Institutional & Family Asset Management LLC boosted its position 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 valued at $35,000 after buying an additional 650 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Fluor Co. (NEW) by 50.8% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,292 shares of the construction company’s stock valued at $48,000 after buying an additional 435 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Fluor Co. (NEW) by 34.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,498 shares of the construction company’s stock valued at $55,000 after buying an additional 381 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

Shares of FLR opened at $32.95 on Monday. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.56 and a beta of 2.04. The company has a fifty day moving average price of $31.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.04 and a current ratio of 1.49. Fluor Co. has a 1 year low of $27.69 and a 1 year high of $60.60.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, May 2nd. The construction company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities analysts forecast that Fluor Co. will post 1.63 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 3rd were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.84 annualized dividend and a dividend yield of 2.55%. Fluor Co. (NEW)’s payout ratio is presently 39.07%.

In related news, CEO Carlos M. Hernandez acquired 17,001 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Alan L. Boeckmann acquired 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $29.81 per share, for a total transaction of $476,960.00. Following the completion of the purchase, the insider now owns 17,250 shares in the company, valued at approximately $514,222.50. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

A number of analysts recently commented on the company. Citigroup set a $47.00 price target on Quanta Services and gave the stock a “buy” rating in a report on Friday, May 3rd. Macquarie set a $325.00 price target on Arista Networks and gave the stock a “buy” rating in a report on Friday, May 3rd. Goldman Sachs Group set a €40.50 ($47.09) price target on Koninklijke Philips and gave the stock a “buy” rating in a report on Tuesday, May 7th. DA Davidson dropped their price target on Sally Beauty to $16.50 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Finally, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.73.

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

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