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

NYSE FLR traded up $0.03 during trading hours on Thursday, hitting $31.92. The company’s stock had a trading volume of 618,175 shares, compared to its average volume of 2,240,387. The stock has a fifty day moving average of $30.55. Fluor Co. has a twelve month low of $27.69 and a twelve month high of $60.60. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.53.

Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was down 13.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluor Co. will post 1.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd were issued a $0.21 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.84 annualized dividend and a yield of 2.63%. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.

In other news, insider Alan L. Boeckmann acquired 16,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $29.81 per share, with a total value of $476,960.00. Following the completion of the purchase, the insider now owns 17,250 shares of the company’s stock, valued at $514,222.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carlos M. Hernandez acquired 17,001 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $29.52 per share, for a total transaction of $501,869.52. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FLR. Clearbridge Investments LLC lifted its holdings in 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 during the period. BlackRock Inc. lifted its holdings in 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 during the period. Two Sigma Investments LP lifted its holdings in Fluor Co. (NEW) by 316.0% in the fourth quarter. Two Sigma Investments LP now owns 977,876 shares of the construction company’s stock valued at $31,488,000 after buying an additional 742,827 shares during the period. Fairview Capital Investment Management LLC lifted its holdings in Fluor Co. (NEW) by 268.9% in the first quarter. Fairview Capital Investment Management LLC now owns 844,255 shares of the construction company’s stock valued at $31,068,000 after buying an additional 615,415 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Fluor Co. (NEW) by 133.0% in the fourth quarter. Two Sigma Advisers LP now owns 875,500 shares of the construction company’s stock worth $28,191,000 after purchasing an additional 499,820 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

A number of equities analysts have recently issued reports on FLR shares. DA Davidson reduced their target price on shares of Sally Beauty to $16.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. ValuEngine upgraded shares of WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Citigroup set a $47.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, May 3rd. Canaccord Genuity reiterated a “buy” rating and set a GBX 620 ($8.10) target price on shares of in a research report on Wednesday. Finally, MKM Partners set a $39.00 target price on shares of Fluor Co. (NEW) and gave the stock a “hold” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Fluor Co. (NEW) has a consensus rating of “Hold” and an average price target of $44.73.

Fluor Co. (NEW) Company Profile

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.

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