Fluor Co. (NEW) (NYSE:FLR) Short Interest Update

Fluor Co. (NEW) (NYSE:FLR) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 7,782,000 shares, an increase of 48.8% from the May 30th total of 5,230,100 shares. Based on an average daily volume of 2,760,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 5.6% of the company’s stock are sold short.

In related news, CEO Carlos M. Hernandez acquired 17,001 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $29.52 per share, with a total value of $501,869.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alan L. Boeckmann acquired 16,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $29.81 per share, for a total transaction of $476,960.00. Following the transaction, the insider now owns 17,250 shares of the company’s stock, valued at $514,222.50. The disclosure for this purchase can be found here. 1.40% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its position in shares of Fluor Co. (NEW) by 23.0% in the first quarter. Clearbridge Investments LLC now owns 11,891,068 shares of the construction company’s stock valued at $437,591,000 after buying an additional 2,222,261 shares in the last quarter. BlackRock Inc. increased its position in shares of Fluor Co. (NEW) by 11.2% in the first quarter. BlackRock Inc. now owns 10,776,759 shares of the construction company’s stock valued at $396,583,000 after buying an additional 1,083,079 shares in the last quarter. FMR LLC increased its position in shares of Fluor Co. (NEW) by 0.9% in the fourth quarter. FMR LLC now owns 5,335,346 shares of the construction company’s stock valued at $171,799,000 after buying an additional 47,411 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Fluor Co. (NEW) by 4.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,209,453 shares of the construction company’s stock valued at $154,908,000 after buying an additional 185,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Fluor Co. (NEW) by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,101,840 shares of the construction company’s stock valued at $67,678,000 after buying an additional 9,322 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.

Several brokerages have weighed in on FLR. Goldman Sachs Group set a €40.50 ($47.09) price target on Koninklijke Philips and gave the stock a “buy” rating in a report on Tuesday, May 7th. DA Davidson lowered their price target on Sally Beauty to $16.50 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Macquarie set a $325.00 price target on Arista Networks and gave the stock a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 620 ($8.10) price target on shares of in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.73.

Shares of Fluor Co. (NEW) stock traded up $0.96 on Friday, reaching $32.88. 871,961 shares of the stock were exchanged, compared to its average volume of 1,555,819. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.04. Fluor Co. has a twelve month low of $27.69 and a twelve month high of $60.60. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.40 and a beta of 2.04. The company has a 50 day simple moving average of $30.63.

Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, May 2nd. The construction company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.68). Fluor Co. (NEW) had a return on equity of 8.90% and a net margin of 0.99%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period last year, the firm earned $0.56 EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, research analysts predict that Fluor Co. will post 1.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.55%. The ex-dividend date was Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

Featured Article: Buy-Side Analysts

Receive News & Ratings for Fluor Co. (NEW) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Co. (NEW) and related companies with MarketBeat.com's FREE daily email newsletter.