Proficio Capital Partners LLC Takes $2.93 Million Position in Fluor Co. (NYSE:FLR)

Proficio Capital Partners LLC bought a new stake in Fluor Co. (NYSE:FLR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 59,332 shares of the construction company's stock, valued at approximately $2,926,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLR. Geode Capital Management LLC grew its holdings in shares of Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company's stock worth $190,953,000 after purchasing an additional 51,018 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock valued at $100,092,000 after acquiring an additional 457,220 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Fluor by 49.1% in the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock valued at $61,792,000 after acquiring an additional 412,312 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in Fluor by 13.1% in the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company's stock valued at $51,322,000 after acquiring an additional 120,800 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Fluor by 24.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company's stock valued at $46,458,000 after acquiring an additional 193,071 shares during the last quarter. Institutional investors own 88.07% of the company's stock.

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Fluor Price Performance

Shares of NYSE FLR traded up $0.05 during trading hours on Friday, reaching $37.72. 5,006,253 shares of the stock traded hands, compared to its average volume of 1,990,184. The company has a market capitalization of $6.34 billion, a P/E ratio of 3.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor Co. has a 52-week low of $34.01 and a 52-week high of $60.10. The company's 50-day simple moving average is $43.19 and its two-hundred day simple moving average is $48.34.

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 analysts' consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Equities research analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

FLR has been the topic of several recent analyst reports. DA Davidson dropped their price target on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Baird R W downgraded Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Truist Financial decreased their price target on Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, KeyCorp increased their price target on Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and a consensus price target of $54.71.

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.