Camelot Portfolios LLC Sells 9,080 Shares of Fluor Co. (NYSE:FLR)

Camelot Portfolios LLC lessened its holdings in Fluor Co. (NYSE:FLR) by 31.0% during the fourth quarter, Holdings Channel reports. The fund owned 20,220 shares of the construction company’s stock after selling 9,080 shares during the period. Fluor makes up 1.1% of Camelot Portfolios LLC’s holdings, making the stock its 26th largest holding. Camelot Portfolios LLC’s holdings in Fluor were worth $997,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Paradigm Asset Management Co. LLC acquired a new position in shares of Fluor in the fourth quarter valued at $192,000. Ieq Capital LLC bought a new stake in shares of Fluor during the 4th quarter worth about $353,000. Financial Sense Advisors Inc. acquired a new position in Fluor in the 4th quarter valued at about $4,707,000. Global Retirement Partners LLC raised its holdings in Fluor by 779.1% in the 4th quarter. Global Retirement Partners LLC now owns 2,233 shares of the construction company’s stock valued at $110,000 after acquiring an additional 1,979 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in Fluor during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 147,045 shares in the company, valued at $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Fluor Stock Down 5.3 %

Shares of NYSE FLR opened at $37.73 on Friday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 3.10, a PEG ratio of 3.23 and a beta of 1.89. The company has a current ratio of 1.69, a quick ratio of 1.77 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 50-day moving average price of $48.66 and a two-hundred day moving average price of $50.01.

Fluor (NYSE:FLR) last issued its 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 company 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%. As a group, analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FLR. Truist Financial lowered their target price on Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp increased their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup lowered their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, DA Davidson cut their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.43.

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.