Clayton Partners LLC Reduces Holdings in Fluor Corporation $FLR

Key Points

• Clayton Partners LLC has reduced its stake in Fluor Corporation by 11.4% in the first quarter, now holding 70,695 shares, which account for 2.2% of its investment portfolio.
• Fluor Corporation reported a disappointing quarterly earnings of $0.43 per share, missing the consensus estimate by $0.16, and revenues of $3.98 billion, down 5.9% compared to the previous year.
• Equity research analysts have mixed ratings on Fluor, with some lowering price targets; currently, the stock holds a consensus rating of "Hold" and an average target price of $49.57.

Clayton Partners LLC lessened its stake in Fluor Corporation (NYSE:FLR - Free Report) by 11.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,695 shares of the construction company's stock after selling 9,138 shares during the quarter. Fluor accounts for 2.2% of Clayton Partners LLC's investment portfolio, making the stock its 24th largest position. Clayton Partners LLC's holdings in Fluor were worth $2,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in FLR. First Trust Advisors LP increased its holdings in Fluor by 41.4% during the 4th quarter. First Trust Advisors LP now owns 39,261 shares of the construction company's stock valued at $1,936,000 after acquiring an additional 11,499 shares in the last quarter. Stifel Financial Corp increased its holdings in Fluor by 82.1% during the 4th quarter. Stifel Financial Corp now owns 42,821 shares of the construction company's stock valued at $2,112,000 after acquiring an additional 19,309 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Fluor by 232.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 387,671 shares of the construction company's stock valued at $19,121,000 after acquiring an additional 271,194 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Fluor by 23.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,409 shares of the construction company's stock valued at $365,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company's stock valued at $117,971,000 after acquiring an additional 273,156 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FLR. Zacks Research cut shares of Fluor from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target on the stock. in a research note on Tuesday, July 15th. Robert W. Baird decreased their price target on shares of Fluor from $55.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Citigroup decreased their price target on shares of Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, Wall Street Zen raised shares of Fluor from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $49.57.

Insider Buying and Selling

In other Fluor news, insider Alvin C. Collins III sold 18,920 shares of Fluor stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $45.43, for a total transaction of $859,535.60. Following the transaction, the insider directly owned 64,383 shares of the company's stock, valued at $2,924,919.69. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman David E. Constable sold 40,800 shares of Fluor stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $49.00, for a total transaction of $1,999,200.00. Following the transaction, the chairman directly owned 870,627 shares in the company, valued at approximately $42,660,723. This trade represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,320 shares of company stock worth $4,870,182. 1.70% of the stock is currently owned by corporate insiders.

Fluor Trading Up 3.8%

Shares of FLR traded up $1.59 during mid-day trading on Wednesday, hitting $43.33. The company had a trading volume of 2,586,672 shares, compared to its average volume of 3,606,139. The business's 50-day simple moving average is $48.02 and its 200-day simple moving average is $41.81. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. Fluor Corporation has a 1-year low of $29.20 and a 1-year high of $60.10. The stock has a market cap of $7.01 billion, a PE ratio of 1.79 and a beta of 1.50.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The company's quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Sell-side analysts forecast that Fluor Corporation will post 2.5 earnings per share for the current year.

About Fluor

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.