Greenhouse Funds LLLP Has $120.24 Million Stake in Fluor Co. (NYSE:FLR)

Greenhouse Funds LLLP lessened its stake in Fluor Co. (NYSE:FLR - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,437,981 shares of the construction company's stock after selling 78,838 shares during the period. Fluor makes up approximately 5.0% of Greenhouse Funds LLLP's holdings, making the stock its 3rd largest position. Greenhouse Funds LLLP owned about 1.42% of Fluor worth $120,241,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Fluor in the third quarter worth approximately $598,000. Sanctuary Advisors LLC boosted its stake in shares of Fluor by 18.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,820 shares of the construction company's stock worth $278,000 after acquiring an additional 897 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Fluor during the 3rd quarter valued at $96,000. Cim Investment Management Inc. purchased a new stake in shares of Fluor in the 3rd quarter worth $391,000. Finally, Birmingham Capital Management Co. Inc. AL bought a new position in Fluor in the 3rd quarter worth $202,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of FLR stock traded down $0.06 during trading hours on Friday, hitting $35.54. The stock had a trading volume of 2,320,986 shares, compared to its average volume of 2,194,533. The stock's 50-day moving average price is $35.72 and its two-hundred day moving average price is $46.02. Fluor Co. has a one year low of $29.20 and a one year high of $60.10. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. Equities analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson reduced their price target 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 upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Robert W. Baird dropped their price target on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Truist Financial reduced their price objective on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays set a $40.00 target price on shares of Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Fluor has a consensus rating of "Moderate Buy" and an average price target of $45.57.

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.