Fluor Co. (NYSE:FLR) Shares Sold by Southport Management L.L.C.

Southport Management L.L.C. trimmed its holdings in shares of Fluor Co. (NYSE:FLR - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent 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 period. Fluor comprises 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 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Sterling Capital Management LLC increased its stake in 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 purchasing an additional 408 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Fluor in the 4th quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its stake in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in Fluor in the 4th quarter valued at approximately $57,000. Finally, Venturi Wealth Management LLC increased its stake in 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 purchasing an additional 1,388 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Trading Down 1.6%

Shares of FLR stock traded down $0.60 during mid-day trading on Monday, hitting $37.88. 1,570,627 shares of the company's stock were exchanged, compared to its average volume of 2,280,878. Fluor Co. has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The stock has a 50-day simple moving average of $35.48 and a two-hundred day simple moving average of $44.25. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 3.11, a PEG ratio of 1.36 and a beta of 1.24.

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, topping 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 business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. Equities analysts expect that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

FLR has been the subject of several research analyst reports. UBS Group dropped their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. KeyCorp dropped their price target on Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Robert W. Baird set a $41.00 price target on Fluor in a research report on Monday, May 5th. Finally, Citigroup dropped their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.