Stonebridge Capital Management Inc buys $4,459,091 stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Stonebridge Capital Management Inc scooped up 1,100 additional shares in Fluor Corporation (NEW) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 90,265 shares of Fluor Corporation (NEW) which is valued at $4,459,091.Fluor Corporation (NEW) makes up approximately 1.95% of Stonebridge Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Crestpoint Capital Management added FLR to its portfolio by purchasing 5,500 company shares during the most recent quarter which is valued at $271,700. Fluor Corporation (NEW) makes up approx 0.14% of Crestpoint Capital Management’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in FLR in the latest quarter, The investment management firm added 2,037 additional shares and now holds a total of 34,792 shares of Fluor Corporation (NEW) which is valued at $1,718,725. Fluor Corporation (NEW) makes up approx 0.04% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio. Country Club Trust Company N.a. added FLR to its portfolio by purchasing 14,000 company shares during the most recent quarter which is valued at $691,600. Fluor Corporation (NEW) makes up approx 0.10% of Country Club Trust Company N.a.’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in FLR by selling 48,063 shares or 19.08% in the most recent quarter. The Hedge Fund company now holds 203,845 shares of FLR which is valued at $10,257,480. Fluor Corporation (NEW) makes up approx 0.68% of Dalton Greiner Hartman Maher Co’s portfolio.

Fluor Corporation (NEW) closed down -0.92 points or -1.83% at $49.4 with 18,41,606 shares getting traded on Friday. Post opening the session at $50.05, the shares hit an intraday low of $49.4 and an intraday high of $50.51 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.

Many Wall Street Analysts have commented on Fluor Corporation (NEW). Shares were Downgraded by Seaport Global Securities on Oct 14, 2016 to ” Neutral” and Lowered the Price Target to $ 50 from a previous price target of $53 .

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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