Southport Management L.L.C. Decreases Stock Holdings in Fluor Co. (NYSE:FLR)

Southport Management L.L.C. lowered its stake in Fluor Co. (NYSE:FLR) by 27.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,100 shares of the construction company’s stock after selling 7,500 shares during the period. Fluor accounts for approximately 3.6% of Southport Management L.L.C.’s holdings, making the stock its 14th biggest holding. Southport Management L.L.C.’s holdings in Fluor were worth $991,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FLR. Point72 Hong Kong Ltd boosted its holdings in shares of Fluor by 15.6% during the 4th quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock valued at $2,133,000 after buying an additional 5,849 shares in the last quarter. Potrero Capital Research LLC bought a new position in Fluor in the 4th quarter worth about $14,115,000. ProShare Advisors LLC boosted its stake in Fluor by 41.2% in the 4th quarter. ProShare Advisors LLC now owns 56,115 shares of the construction company’s stock worth $2,768,000 after purchasing an additional 16,382 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Fluor by 16.1% in the 4th quarter. Quantinno Capital Management LP now owns 5,389 shares of the construction company’s stock worth $266,000 after purchasing an additional 748 shares in the last quarter. Finally, Paradoxiom Capital L.P. purchased a new position in Fluor in the 4th quarter worth about $9,020,000. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FLR. Barclays set a $40.00 price target on shares of Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. DA Davidson lowered their target price on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded Fluor from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Robert W. Baird set a $41.00 price target on Fluor in a research report on Monday, May 5th. Finally, Citigroup decreased their target price on Fluor from $55.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Fluor Stock Performance

Shares of Fluor stock opened at $38.54 on Friday. The firm has a market cap of $6.35 billion, a P/E ratio of 3.16, a P/E/G ratio of 1.36 and a beta of 1.24. 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 $29.20 and a 12 month high of $60.10. The stock’s fifty day moving average price is $35.42 and its 200-day moving average price is $44.47.

Fluor (NYSE:FLR) last posted its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.23. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

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.