Fluor Corporation $FLR Shares Purchased by Clayton Partners LLC

Clayton Partners LLC raised its position in Fluor Corporation (NYSE:FLR) by 18.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 95,740 shares of the construction company’s stock after acquiring an additional 15,166 shares during the period. Fluor makes up 2.7% of Clayton Partners LLC’s investment portfolio, making the stock its 18th largest holding. Clayton Partners LLC’s holdings in Fluor were worth $3,794,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FLR. Rubric Capital Management LP acquired a new stake in shares of Fluor in the second quarter valued at about $205,080,000. AQR Capital Management LLC increased its holdings in Fluor by 163.1% during the 4th quarter. AQR Capital Management LLC now owns 5,167,676 shares of the construction company’s stock valued at $204,795,000 after acquiring an additional 3,203,712 shares in the last quarter. Sourcerock Group LLC purchased a new position in Fluor during the 2nd quarter valued at about $85,327,000. Ameriprise Financial Inc. increased its holdings in Fluor by 361.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company’s stock valued at $77,289,000 after acquiring an additional 1,180,838 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Fluor during the 4th quarter valued at about $39,546,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Fluor stock opened at $51.83 on Thursday. Fluor Corporation has a 1 year low of $37.62 and a 1 year high of $57.50. The firm has a 50 day moving average price of $48.11 and a 200 day moving average price of $46.31. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.57 and a beta of 1.25. 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 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 quarter in the previous year, the firm posted $0.73 earnings per share. Fluor’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts predict that Fluor Corporation will post 2.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Citigroup lowered their target price on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Robert W. Baird lifted their price target on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. UBS Group reiterated a “buy” rating and set a $57.00 price target on shares of Fluor in a report on Thursday, February 19th. Finally, DA Davidson lifted their price target on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Fluor presently has an average rating of “Moderate Buy” and an average target price of $53.33.

Fluor Company Profile

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.