Fluor Co. (NYSE:FLR) Short Interest Update

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

Insiders Place Their Bets

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

Institutional Trading of Fluor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in shares of Fluor by 2,509.5% in 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 in the last quarter. Quest Partners LLC acquired a new position in shares of Fluor in the 2nd quarter worth approximately $52,000. Quarry LP lifted its stake in Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Fluor in the third quarter worth approximately $96,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Fluor during the 3rd quarter worth $96,000. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Up 1.6 %

Shares of NYSE:FLR opened at $50.28 on Friday. The company’s fifty day moving average is $52.13 and its two-hundred day moving average is $49.95. 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 1-year low of $35.04 and a 1-year high of $60.10. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 3.39 and a beta of 1.91.

Fluor (NYSE:FLR) last posted its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). Fluor had a net margin of 1.64% and a return on equity of 20.05%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the business posted $1.02 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Fluor will post 2.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FLR shares. Truist Financial decreased their price target on shares of Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. UBS Group boosted their price target on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp lifted their price objective on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird restated a “neutral” rating and issued a $58.00 target price (up from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.14.

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.