Wellington Management Co. LLP has recently announced that it has increased stake in Fluor Corporation (NYSE:FLR) by 10.90%. After grabbing 14.4 million shares, the institutional investor is now in possession of 1.42 million shares of the Industrials Company. The new investment brought the stake of investor firm to 10.12% having worth around $418.54 million. Moreover, The Vanguard Group, Inc. increased its share by 0.24 million to have a control over 13.95 million shares. And SSgA Funds Management, Inc. raised its holdings to 59947.0 shares by acquiring 4.9 million shares or 3.45% of the stake.
Fluor Corporation (FLR) concluded trading on 05/25/23 at a closing price of $26.77, with 1.13 million shares of worth about $30.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.42% during that period and on Thursday the price saw a loss of about -0.41%. Currently the company’s common shares owned by public are about 142.00M shares, out of which, 140.90M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 353,278 shares in 19 of the transactions. In 17 selling transactions, insiders dumped 220,958 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Fluor Corporation iShares Core S&P Mid Cap ETF is currently holding 4.43 million shares of worth totaling $128.85 million. The company recently came buying 15252.0 shares which brought its stake up to 3.12% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 26612.0 shares, after which its hold over company’s outstanding shares expand to 3.11%, leaving 4.42 million shares with the mutual fund that have a worth of about $128.53 million. Vanguard Small Cap Index Fund, after selling 3.72 million shares, have now control over 2.62% of the stake in the company. It holds 912.0 shares of worth $108.21 million.
Fluor Corporation (NYSE: FLR) started trading at $26.66, below -$0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 26.95, or with a loss of -0.41%. Stock saw a price change of -5.77% in past 5 days and over the past one month there was a price change of -6.40%. Year-to-date (YTD), FLR shares are showing a performance of -22.76% which increased to 3.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.67 but also hit the highest price of $38.20 during that period. The average intraday trading volume for Fluor Corporation shares is 1.64 million. The stock is currently trading -2.94% below its 20-day simple moving average (SMA20), while that difference is down -7.47% for SMA50 and it goes to -13.68% lower than SMA200.
Wellington Management Co. LLP acquired 14.4 million shares of Fluor Corporation having value of about $418.54 million. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 1.42 million shares in the company valued at close to $37884315.06, or have control over 10.90% stake in the company. Fluor Corporation (NYSE: FLR) currently have 142.00M outstanding shares and institutions hold larger chunk of about 99.20% of that. Holding of mutual funds in the company is about 49.63% while other institutional holders and individual stake holders have control over 49.97% and 3.49% of the stake respectively.
The stock has a current market capitalization of $3.92B and its 3Y-monthly beta is at 2.29. It has posted earnings per share of -$0.42 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FLR, volatility over the week remained 3.11% while standing at 3.28% over the month.
Analysts are in expectations that Fluor Corporation (FLR) stock would likely to be making an EPS of $0.42 in the current quarter, while forecast for next quarter EPS is $0.48 and it is $2.45 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.18 which is $0.51 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 124.50% while it is estimated to increase by 41.63% in next year. EPS is likely to shrink at an annualized rate of 26.30% for next 5-years, compared to annual growth of 32.10% made by the stock over the past 5-years.
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