Camelot Portfolios LLC Has $997,000 Stock Position in Fluor Co. (NYSE:FLR)

Camelot Portfolios LLC lowered its position in Fluor Co. (NYSE:FLR) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,220 shares of the construction company’s stock after selling 9,080 shares during the quarter. Fluor accounts for about 1.1% of Camelot Portfolios LLC’s holdings, making the stock its 26th largest position. Camelot Portfolios LLC’s holdings in Fluor were worth $997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLR. Paradigm Asset Management Co. LLC bought a new stake in Fluor in the fourth quarter valued at $192,000. Ieq Capital LLC acquired a new position in Fluor in the fourth quarter valued at about $353,000. Financial Sense Advisors Inc. bought a new stake in Fluor during the fourth quarter worth about $4,707,000. Global Retirement Partners LLC boosted its holdings in shares of Fluor by 779.1% in the 4th quarter. Global Retirement Partners LLC now owns 2,233 shares of the construction company’s stock worth $110,000 after acquiring an additional 1,979 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Fluor during the 4th quarter valued at $203,000. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on FLR. Robert W. Baird cut their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday. DA Davidson lowered their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial reduced their price objective on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Fluor has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Insiders Place Their Bets

In related news, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the sale, the insider now owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Fluor Stock Down 5.3 %

Shares of Fluor stock opened at $37.73 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The stock has a market cap of $6.37 billion, a PE ratio of 3.10, a price-to-earnings-growth ratio of 3.23 and a beta of 1.89. The business has a fifty day simple moving average of $48.66 and a 200 day simple moving average of $50.01.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Research analysts predict that Fluor Co. will post 2.5 EPS 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.