Fluor Co. (NYSE:FLR) is Clayton Partners LLC’s 9th Largest Position

Clayton Partners LLC trimmed its position in Fluor Co. (NYSE:FLR) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,010 shares of the construction company’s stock after selling 1,186 shares during the period. Fluor accounts for 3.6% of Clayton Partners LLC’s portfolio, making the stock its 9th biggest position. Clayton Partners LLC owned approximately 0.06% of Fluor worth $4,530,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rubric Capital Management LP increased its stake in shares of Fluor by 23.6% in the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock worth $139,992,000 after acquiring an additional 614,521 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Fluor by 2.9% during the second quarter. Ameritas Investment Partners Inc. now owns 53,572 shares of the construction company’s stock valued at $2,333,000 after purchasing an additional 1,507 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Fluor by 79.1% during the second quarter. Sei Investments Co. now owns 142,350 shares of the construction company’s stock valued at $6,199,000 after purchasing an additional 62,887 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Fluor by 1.8% in the 2nd quarter. King Luther Capital Management Corp now owns 1,052,106 shares of the construction company’s stock worth $45,819,000 after purchasing an additional 18,535 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Fluor by 257.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 130,800 shares of the construction company’s stock worth $5,696,000 after buying an additional 94,200 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Down 0.5 %

NYSE:FLR opened at $47.23 on Friday. The company has a market cap of $8.09 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $47.70 and a two-hundred day simple moving average of $43.66. Fluor Co. has a 12 month low of $32.31 and a 12 month high of $51.64.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. Research analysts forecast that Fluor Co. will post 2.9 earnings per share for the current year.

Insider Activity

In other Fluor news, CAO John C. Regan sold 13,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

FLR has been the subject of a number of recent research reports. Barclays lifted their price objective on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. UBS Group upped their price target on shares of Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Robert W. Baird raised their price objective on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Truist Financial upped their target price on shares of Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, DA Davidson raised their price target on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

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.