Short Interest in Fluor Co. (NYSE:FLR) Declines By 13.6%

Fluor Co. (NYSE:FLR - Get Free Report) saw a significant decrease in short interest in 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 volume of 1,540,000 shares, the short-interest ratio is presently 3.9 days.

Insider Buying and Selling at Fluor

In other news, CAO John C. Regan sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total transaction of $628,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 55,965 shares of the company's stock, valued at $2,703,669.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 53,527 shares of the company's stock, valued at approximately $2,676,885.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John C. Regan sold 13,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at approximately $2,703,669.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,261 shares of company stock valued at $2,156,604 over the last quarter. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Fluor

A number of hedge funds have recently made changes to their positions in FLR. Park Avenue Securities LLC purchased a new stake in shares of Fluor during the first quarter worth about $374,000. LVW Advisors LLC acquired a new position in shares of Fluor in the 1st quarter valued at approximately $211,000. Diversified Trust Co purchased a new position in shares of Fluor during the 1st quarter valued at approximately $1,368,000. State of Michigan Retirement System grew its position in shares of Fluor by 2.2% during the first quarter. State of Michigan Retirement System now owns 41,797 shares of the construction company's stock worth $1,767,000 after buying an additional 900 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Fluor by 0.3% in the first quarter. Retirement Systems of Alabama now owns 213,948 shares of the construction company's stock worth $9,046,000 after buying an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Trading Down 0.8 %

Shares of Fluor stock traded down $0.43 during trading hours on Tuesday, hitting $53.20. The company's stock had a trading volume of 1,350,915 shares, compared to its average volume of 1,567,122. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $9.11 billion, a PE ratio of 22.75, a P/E/G ratio of 2.32 and a beta of 1.91. The business has a fifty day moving average of $48.93 and a 200 day moving average of $45.58. Fluor has a 1-year low of $32.31 and a 1-year high of $55.86.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.68 by $0.17. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the company posted $0.76 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Fluor will post 2.88 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FLR. Barclays increased their target price on Fluor from $39.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 18th. KeyCorp raised shares of Fluor from a "sector weight" rating to an "overweight" rating and set a $57.00 target price on the stock in a research report on Wednesday, July 17th. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. UBS Group lifted their price target on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, DA Davidson upped their price objective on Fluor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.