By otakuyassine3@gmail.com 
Fluor Co. (NYSE:FLR – Get Free Report) saw a large 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.
Fluor Stock Performance
Shares of FLR stock traded down $0.24 during mid-day trading on Friday, reaching $48.30. The stock had a trading volume of 2,717,684 shares, compared to its average volume of 2,463,630. The firm’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $50.33. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor has a one year low of $35.04 and a one year high of $60.10. The firm has a market cap of $8.28 billion, a PE ratio of 32.20, a P/E/G ratio of 3.40 and a beta of 1.91.
Fluor (NYSE:FLR – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the prior year, the business posted $1.02 EPS. Fluor’s revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Fluor will post 2.62 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Truist Financial lowered their price objective on Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. UBS Group raised their target price on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup lowered their target price on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, DA Davidson raised their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.29.
Read Our Latest Stock Analysis on FLR
Insider Transactions at Fluor
In other news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was 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 of the company’s stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On Fluor
Several hedge funds and other institutional investors have recently modified their holdings of FLR. Versant Capital Management Inc lifted its position in shares of Fluor by 2,509.5% during 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 during the period. Golden State Wealth Management LLC bought a new position in Fluor in the 4th quarter valued at $33,000. Quarry LP raised its position in Fluor by 244.7% in the 3rd 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. Venturi Wealth Management LLC raised its position in Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Fluor in the 3rd quarter valued at $96,000. Institutional investors own 88.07% of the company’s stock.
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.
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