Secor Capital Advisors Lp buys $8,115,276 stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Secor Capital Advisors Lp scooped up 87,830 additional shares in Fluor Corporation (NEW) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 156,003 shares of Fluor Corporation (NEW) which is valued at $8,115,276.Fluor Corporation (NEW) makes up approximately 1.14% of Secor Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Denver Investment Advisors reduced its stake in FLR by selling 460 shares or 10.02% in the most recent quarter. The Hedge Fund company now holds 4,130 shares of FLR which is valued at $214,843. Fluor Corporation (NEW) makes up approx 0.01% of Denver Investment Advisors’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in FLR by selling 8,239 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 214,830 shares of FLR which is valued at $11,362,359. Fluor Corporation (NEW) makes up approx 0.03% of Mizuho Trust Banking Ltd.’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in FLR by selling 19,925 shares or 56.91% in the most recent quarter. The Hedge Fund company now holds 15,085 shares of FLR which is valued at $797,846. Fluor Corporation (NEW) makes up approx 0.01% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Signaturefd boosted its stake in FLR in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 533 shares of Fluor Corporation (NEW) which is valued at $28,526.Howard Capital Management boosted its stake in FLR in the latest quarter, The investment management firm added 5,977 additional shares and now holds a total of 166,137 shares of Fluor Corporation (NEW) which is valued at $8,878,361. Fluor Corporation (NEW) makes up approx 1.64% of Howard Capital Management’s portfolio.

Fluor Corporation (NEW) opened for trading at $51.66 and hit $51.96 on the upside on Wednesday, eventually ending the session at $51.89, with a gain of 0.45% or 0.23 points. The heightened volatility saw the trading volume jump to 14,40,755 shares. Company has a market cap of $7,226 M.

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.

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