Southport Management L.L.C. Sells 7,500 Shares of Fluor Co. (NYSE:FLR)

Southport Management L.L.C. reduced its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 27.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,100 shares of the construction company's stock after selling 7,500 shares during the quarter. Fluor accounts for approximately 3.6% of Southport Management L.L.C.'s investment portfolio, making the stock its 14th biggest holding. Southport Management L.L.C.'s holdings in Fluor were worth $991,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd grew its stake in shares of Fluor by 15.6% in the fourth quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company's stock valued at $2,133,000 after acquiring an additional 5,849 shares in the last quarter. Potrero Capital Research LLC bought a new position in Fluor in the fourth quarter valued at about $14,115,000. ProShare Advisors LLC increased its position in Fluor by 41.2% during 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 lifted its stake in shares of Fluor by 16.1% in the 4th quarter. Quantinno Capital Management LP now owns 5,389 shares of the construction company's stock valued at $266,000 after acquiring an additional 748 shares during the last quarter. Finally, Paradoxiom Capital L.P. acquired a new stake in shares of Fluor during the fourth quarter valued at about $9,020,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of Fluor stock traded down $0.54 during trading on Wednesday, hitting $37.81. The stock had a trading volume of 682,532 shares, compared to its average volume of 2,281,945. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 3.10, 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. The business's 50-day moving average is $35.59 and its 200 day moving average is $44.10. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.23. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, sell-side analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

FLR has been the topic of several analyst reports. Truist Financial boosted their price objective on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. UBS Group dropped their target price on shares of Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. KeyCorp cut their target price on Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Robert W. Baird set a $41.00 price objective on shares of Fluor in a report on Monday, May 5th. Finally, DA Davidson cut their target price on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

About Fluor

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.