Clayton Partners LLC Sells 23,180 Shares of Fluor Co. (NYSE:FLR)

Clayton Partners LLC trimmed its stake in Fluor Co. (NYSE:FLR) by 22.5% during the fourth quarter, Holdings Channel reports. The fund owned 79,833 shares of the construction company’s stock after selling 23,180 shares during the quarter. Fluor accounts for 2.7% of Clayton Partners LLC’s holdings, making the stock its 14th largest position. Clayton Partners LLC’s holdings in Fluor were worth $3,937,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its position in Fluor by 12.8% in the 4th quarter. Natixis Advisors LLC now owns 73,048 shares of the construction company’s stock worth $3,603,000 after buying an additional 8,271 shares during the period. Commonwealth Equity Services LLC increased its position in Fluor by 21.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 111,974 shares of the construction company’s stock worth $5,523,000 after buying an additional 19,571 shares during the period. Swiss National Bank increased its position in shares of Fluor by 0.8% during the fourth quarter. Swiss National Bank now owns 336,900 shares of the construction company’s stock valued at $16,616,000 after purchasing an additional 2,600 shares during the period. Truvestments Capital LLC increased its position in shares of Fluor by 24.6% during the fourth quarter. Truvestments Capital LLC now owns 23,373 shares of the construction company’s stock valued at $1,153,000 after purchasing an additional 4,616 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Fluor by 2.8% during the fourth quarter. HighTower Advisors LLC now owns 34,881 shares of the construction company’s stock valued at $1,720,000 after purchasing an additional 959 shares during the period. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FLR shares. Citigroup lowered their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp boosted their price objective on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Robert W. Baird decreased their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, DA Davidson decreased their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Price Performance

Fluor stock opened at $36.84 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The firm has a market cap of $6.22 billion, a P/E ratio of 3.02, a P/E/G ratio of 1.36 and a beta of 1.73. The business’s fifty day moving average is $44.41 and its two-hundred day moving average is $48.75. Fluor Co. has a 52 week low of $34.01 and a 52 week high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Equities research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Fluor Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.