Fluor Co. (NYSE:FLR) Shares Sold by Clayton Partners LLC

Clayton Partners LLC trimmed its holdings in shares of Fluor Co. (NYSE:FLR) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,833 shares of the construction company’s stock after selling 23,180 shares during the period. Fluor makes up approximately 2.7% of Clayton Partners LLC’s investment portfolio, making the stock its 14th largest holding. Clayton Partners LLC’s holdings in Fluor were worth $3,937,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Fluor in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC boosted its position in shares of Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after purchasing an additional 287 shares during the period. Quarry LP boosted its position in shares of Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after purchasing an additional 1,388 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Up 5.4 %

Shares of Fluor stock opened at $36.84 on Friday. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 3.02, a P/E/G ratio of 1.36 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a 52-week low of $34.01 and a 52-week high of $60.10. The stock has a 50-day simple moving average of $44.41 and a 200-day simple moving average of $48.75.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FLR shares. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Citigroup decreased their price target on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. DA Davidson decreased their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Barclays set a $40.00 price objective on Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered Fluor from a “buy” rating to a “hold” rating in a research report on Sunday, March 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fluor currently has an average rating of “Moderate Buy” and an average price target of $54.71.

Fluor Company 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.