Potrero Capital Research LLC Invests $14.12 Million in Fluor Co. (NYSE:FLR)

Potrero Capital Research LLC bought a new position in shares of Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 286,192 shares of the construction company's stock, valued at approximately $14,115,000. Fluor makes up approximately 4.7% of Potrero Capital Research LLC's investment portfolio, making the stock its 8th largest holding. Potrero Capital Research LLC owned about 0.17% of Fluor as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FLR. Sterling Capital Management LLC increased its holdings in shares of Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock valued at $30,000 after acquiring an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Fluor during the fourth quarter valued at $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Fluor in the 4th quarter worth about $57,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock valued at $77,000 after buying an additional 1,388 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Fluor Price Performance

FLR traded down $0.60 on Monday, reaching $37.88. The company had a trading volume of 1,570,627 shares, compared to its average volume of 2,280,878. The company has a market capitalization of $6.24 billion, a P/E ratio of 3.11, a PEG 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. The company has a fifty day moving average of $35.48 and a 200-day moving average of $44.25. Fluor Co. has a one year low of $29.20 and a one year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $3.98 billion during the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business's revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. As a group, equities research analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial raised their target price on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Fluor from a "buy" rating to a "hold" rating in a report on Monday, May 5th. KeyCorp dropped their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Finally, Citigroup reduced their target price on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Fluor presently has an average rating of "Moderate Buy" and an average price target of $45.43.

Fluor Company 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.