Fluor Co. (NYSE:FLR) Short Interest Update

Fluor Co. (NYSE:FLR) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 6,040,000 shares, a decrease of 13.6% from the September 30th total of 6,990,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is presently 3.9 days.

Insider Activity

In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the sale, the chief financial officer now owns 41,908 shares in the company, valued at $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Fluor news, CFO Joseph L. Brennan sold 11,619 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the sale, the chief financial officer now directly owns 41,908 shares in the company, valued at $2,107,972.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the transaction, the chief financial officer now owns 53,527 shares of the company’s stock, valued at $2,676,885.27. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock worth $2,156,604 over the last quarter. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Fluor

Large investors have recently bought and sold shares of the business. ClariVest Asset Management LLC raised its position in Fluor by 0.3% during the second quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after acquiring an additional 233 shares during the last quarter. Xponance Inc. raised its holdings in Fluor by 1.2% in the second quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after acquiring an additional 265 shares in the last quarter. JGP Wealth Management LLC raised its holdings in shares of Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock worth $253,000 after purchasing an additional 283 shares during the period. GAMMA Investing LLC grew its position in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after acquiring an additional 285 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Fluor by 0.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock worth $2,739,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Trading Down 0.6 %

NYSE:FLR traded down $0.30 on Tuesday, hitting $53.33. The stock had a trading volume of 356,488 shares, compared to its average volume of 1,562,364. The company has a fifty day moving average price of $48.93 and a two-hundred day moving average price of $45.58. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.32 and a beta of 1.91. Fluor has a 1-year low of $32.31 and a 1-year high of $55.86. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

Fluor (NYSE:FLR) last announced its earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts expect that Fluor will post 2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLR has been the subject of a number of research analyst reports. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. UBS Group raised their price target on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson upped their target price on shares of Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday, August 5th. Robert W. Baird boosted their price target on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Barclays lifted their price objective on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $58.29.

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.