Toronto Dominion Bank Acquires 13,732 Shares of Fluor Co. (NEW) (FLR)

Toronto Dominion Bank raised its holdings in Fluor Co. (NEW) (NYSE:FLR) by 16.6% in the 1st quarter, HoldingsChannel reports. The firm owned 96,655 shares of the construction company’s stock after acquiring an additional 13,732 shares during the period. Toronto Dominion Bank’s holdings in Fluor Co. (NEW) were worth $3,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Manhattan Co. increased its stake in shares of Fluor Co. (NEW) by 51.2% in the first quarter. First Manhattan Co. now owns 909 shares of the construction company’s stock worth $33,000 after purchasing an additional 308 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new position in shares of Fluor Co. (NEW) in the fourth quarter worth about $33,000. Synovus Financial Corp increased its stake in shares of Fluor Co. (NEW) by 542.5% in the fourth quarter. Synovus Financial Corp now owns 1,150 shares of the construction company’s stock worth $37,000 after purchasing an additional 971 shares in the last quarter. CSat Investment Advisory L.P. increased its stake in shares of Fluor Co. (NEW) by 248.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,633 shares of the construction company’s stock worth $53,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Fluor Co. (NEW) by 181.6% in the first quarter. Quadrant Capital Group LLC now owns 1,695 shares of the construction company’s stock worth $60,000 after purchasing an additional 1,093 shares in the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

In related news, insider Alan L. Boeckmann bought 16,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average cost of $29.81 per share, for a total transaction of $476,960.00. Following the completion of the transaction, the insider now directly owns 17,250 shares in the company, valued at approximately $514,222.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carlos M. Hernandez bought 17,001 shares of the company’s stock in a transaction on Monday, May 13th. The shares were bought at an average price of $29.52 per share, with a total value of $501,869.52. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 13,570 shares of company stock valued at $506,670. 1.40% of the stock is owned by corporate insiders.



Several research firms have recently weighed in on FLR. Goldman Sachs Group downgraded shares of Fluor Co. (NEW) from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $44.00 to $28.00 in a research note on Tuesday, May 7th. Citigroup reduced their target price on shares of Fluor Co. (NEW) from $56.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Macquarie upgraded shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. MKM Partners set a $39.00 target price on shares of Fluor Co. (NEW) and gave the stock a “hold” rating in a research note on Friday, April 5th. Finally, UBS Group reduced their target price on shares of Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.45.

NYSE:FLR traded down $0.69 during mid-day trading on Thursday, hitting $28.79. 32,650 shares of the stock traded hands, compared to its average volume of 3,236,086. The stock has a market cap of $4.13 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.40 and a beta of 1.77. Fluor Co. has a 12-month low of $28.00 and a 12-month high of $60.60. The company has a current ratio of 1.49, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.54 by ($0.68). The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. Fluor Co. (NEW)’s revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. On average, equities analysts forecast that Fluor Co. will post 1.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.84 annualized dividend and a yield of 2.92%. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.

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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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