Hood River Capital Management LLC Raises Position in Fluor Co. (NYSE:FLR)

Hood River Capital Management LLC grew its position in Fluor Co. (NYSE:FLR - Free Report) by 58.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,952,254 shares of the construction company's stock after buying an additional 719,583 shares during the quarter. Fluor accounts for about 1.4% of Hood River Capital Management LLC's portfolio, making the stock its 16th largest holding. Hood River Capital Management LLC owned about 1.14% of Fluor worth $96,285,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after acquiring an additional 527 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Fluor in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC grew its position in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Fluor in the 4th quarter worth about $57,000. 88.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com raised Fluor from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. KeyCorp decreased their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. UBS Group reduced their price objective on shares of Fluor from $57.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Truist Financial cut their target price on Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, DA Davidson decreased their price target on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fluor presently has a consensus rating of "Moderate Buy" and an average price target of $45.57.

Fluor Trading Down 2.0 %

Shares of FLR stock traded down $0.72 during trading hours on Monday, hitting $34.85. 889,838 shares of the company were exchanged, compared to its average volume of 2,189,466. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The company has a 50 day simple moving average of $35.72 and a two-hundred day simple moving average of $45.99. The firm has a market cap of $5.85 billion, a P/E ratio of 2.86, a P/E/G ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion for 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%. Equities analysts anticipate that Fluor Co. will post 2.5 EPS for the current 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.