Fluor Corporation $FLR Shares Bought by Clayton Partners LLC

Clayton Partners LLC boosted its position in shares of Fluor Corporation (NYSE:FLR) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,740 shares of the construction company’s stock after buying an additional 15,166 shares during the quarter. Fluor makes up 2.7% of Clayton Partners LLC’s holdings, making the stock its 18th biggest position. Clayton Partners LLC owned about 0.06% of Fluor worth $3,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FLR. Global Retirement Partners LLC increased its stake in shares of Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after purchasing an additional 311 shares in the last quarter. Assetmark Inc. increased its stake in shares of Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after purchasing an additional 483 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Fluor during the fourth quarter worth about $27,000. Larson Financial Group LLC increased its stake in shares of Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after purchasing an additional 734 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Fluor during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Fluor stock opened at $51.83 on Thursday. The company’s 50 day simple moving average is $48.11 and its 200-day simple moving average is $46.31. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25. Fluor Corporation has a 1 year low of $37.62 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm posted $0.73 earnings per share. Fluor’s revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts expect that Fluor Corporation will post 2.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FLR shares. DA Davidson boosted their target price on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Zacks Research lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Robert W. Baird boosted their price target on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Citigroup lowered their price target on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.33.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.