Fluor Co. (NYSE:FLR) Short Interest Up 33.6% in January

Fluor Co. (NYSE:FLR) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 9,270,000 shares, a growth of 33.6% from the December 31st total of 6,940,000 shares. Based on an average daily volume of 2,300,000 shares, the short-interest ratio is currently 4.0 days.

Insider Activity

In other news, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares in the company, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Fluor

A number of hedge funds and other institutional investors have recently made changes to their positions in FLR. Cornerstone Wealth Management LLC bought a new stake in shares of Fluor during the fourth quarter worth $484,000. Exchange Traded Concepts LLC raised its stake in shares of Fluor by 291.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 32,472 shares during the period. Aequim Alternative Investments LP boosted its position in shares of Fluor by 6.0% during the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after buying an additional 41,800 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Fluor by 139.1% during the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after buying an additional 9,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after buying an additional 457,220 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Fluor Trading Down 0.5 %

NYSE:FLR traded down $0.24 on Friday, hitting $48.30. 2,717,684 shares of the stock were exchanged, compared to its average volume of 2,463,630. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 3.40 and a beta of 1.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10. The company’s 50-day moving average price is $51.85 and its 200 day moving average price is $50.33.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the firm posted $1.02 EPS. Fluor’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Fluor will post 2.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLR has been the topic of several recent analyst reports. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Citigroup reduced their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial dropped their target price on shares of Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. DA Davidson upped their price objective on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, UBS Group lifted their target price on shares of Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.29.

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.