Hood River Capital Management LLC Has $96.29 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Hood River Capital Management LLC raised its position in Fluor Co. (NYSE:FLR - Free Report) by 58.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,952,254 shares of the construction company's stock after purchasing an additional 719,583 shares during the period. Fluor makes up about 1.4% of Hood River Capital Management LLC's investment portfolio, making the stock its 16th biggest 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 also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock worth $27,000 after buying an additional 527 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Fluor by 196.2% during 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 bought a new stake in Fluor during the 4th quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 287 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in Fluor in the fourth quarter valued at approximately $57,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of FLR opened at $33.87 on Wednesday. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 2.78, a PEG ratio of 1.36 and a beta of 1.66. 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's fifty day simple moving average is $36.13 and its 200 day simple moving average is $46.34. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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. Citigroup reduced their price objective on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Barclays set a $40.00 target price on Fluor and gave the company an "equal weight" rating in a research note on Thursday, February 27th. DA Davidson lowered their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and an average target price of $49.43.

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.

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