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

Clayton Partners LLC decreased its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,833 shares of the construction company's stock after selling 23,180 shares during the quarter. Fluor makes up about 2.7% of Clayton Partners LLC's investment portfolio, making the stock its 14th biggest holding. Clayton Partners LLC's holdings in Fluor were worth $3,937,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Natixis Advisors LLC grew its holdings in shares of Fluor by 12.8% in the 4th quarter. Natixis Advisors LLC now owns 73,048 shares of the construction company's stock valued at $3,603,000 after acquiring an additional 8,271 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Fluor by 21.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 111,974 shares of the construction company's stock worth $5,523,000 after acquiring an additional 19,571 shares during the last quarter. Swiss National Bank raised its stake in Fluor by 0.8% in the 4th quarter. Swiss National Bank now owns 336,900 shares of the construction company's stock valued at $16,616,000 after acquiring an additional 2,600 shares during the period. Truvestments Capital LLC boosted its position in Fluor by 24.6% during the fourth quarter. Truvestments Capital LLC now owns 23,373 shares of the construction company's stock worth $1,153,000 after purchasing an additional 4,616 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Fluor by 2.8% in 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. Institutional investors own 88.07% of the company's stock.

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Fluor Price Performance

Shares of NYSE FLR traded down $0.56 during mid-day trading on Thursday, reaching $37.68. The company had a trading volume of 1,776,479 shares, compared to its average volume of 1,978,389. Fluor Co. has a one year low of $34.01 and a one year high of $60.10. The business's 50-day simple moving average is $43.63 and its 200 day simple moving average is $48.50. 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 $6.33 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FLR shares. Citigroup decreased their price target on shares of Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. KeyCorp lifted their price target on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Truist Financial decreased their price objective on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Baird R W downgraded Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, DA Davidson decreased their price target on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.