Fluor Corporation (NEW) (FLR) : Bruni J V Co Co reduced its stake in Fluor Corporation (NEW) by 1.04% during the most recent quarter end. The investment management company now holds a total of 345,714 shares of Fluor Corporation (NEW) which is valued at $17,773,157 after selling 3,642 shares in Fluor Corporation (NEW) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Fluor Corporation (NEW) makes up approximately 3.33% of Bruni J V Co Co’s portfolio.
Other Hedge Funds, Including , Convergence Investment Partners sold out all of its stake in FLR during the most recent quarter. The investment firm sold 49,018 shares of FLR which is valued $2,520,015.Penserra Capital Management boosted its stake in FLR in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 181 shares of Fluor Corporation (NEW) which is valued at $9,416.Miller Howard Investments Inc Ny reduced its stake in FLR by selling 73,574 shares or 39.52% in the most recent quarter. The Hedge Fund company now holds 112,581 shares of FLR which is valued at $5,915,006. Fluor Corporation (NEW) makes up approx 0.10% of Miller Howard Investments Inc Ny’s portfolio.Independent Portfolio Consultants reduced its stake in FLR by selling 890 shares or 45.76% in the most recent quarter. The Hedge Fund company now holds 1,055 shares of FLR which is valued at $55,904. Fluor Corporation (NEW) makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.
Fluor Corporation (NEW) closed down -0.01 points or -0.02% at $52.55 with 11,42,374 shares getting traded on Friday. Post opening the session at $52.18, the shares hit an intraday low of $51.985 and an intraday high of $52.865 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Fluor Corporation (NEW) reported $0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.88. The company had revenue of $4856.10 million for the quarter, compared to analysts expectations of $4733.48 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Investors should note that on Aug 3, 2016, Fluor Corporation (NEW) announced a cash dividend of $0.2100. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Oct 4, 2016.
Many Wall Street Analysts have commented on Fluor Corporation (NEW). Fluor Corporation (NEW) was Initiated by MKM Partners to “Neutral” on Jun 29, 2016.
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering procurement construction fabrication and modularization commissioning and maintenance as well as project management services. It operates in five segments: Oil & Gas Industrial & Infrastructure Government Global Services and Power. Through its Oil & Gas segment Fluor serves the oil and gas production processing and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design engineering procurement construction operations and maintenance and project management services. The Government segment is a provider of engineering construction logistics and environmental and nuclear services among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment it provides a range of services to the gas-fueled and solid-fueled markets among others.