Fluor Corp (NYSE:FLR).
Raymond James & Associates reports that it lowered its ownership in Fluor Corp by 27,659 shares in the last quarter. Its investment stood at $14,995,000 a decrease of 14.7% as of quarter end.
Several firms have shifted positions in (FLR). Baird Financial Group, Inc. augmented its position by buying 1,254 shares an increase of 7.2% as of 09/30/2017. Baird Financial Group, Inc. claims 18,579 shares valued at $782,000. The total value of its holdings decreased 1.4%. Tredje Ap-fonden bolstered its investment by buying 1,340 shares an increase of 7.1% in the quarter. Tredje Ap-fonden now controls 20,095 shares worth $850,000. The value of the position overall is down by 1.4%.
As of quarter end Hosking Partners Llp had acquired 334 shares growing its holdings by 0.7%. The value of the investment in Fluor Corp decreased from $2,277,000 to $2,108,000 decreasing 7.4% quarter over quarter.
On November 6 Canaccord Genuity kept the company rating at “Buy” projecting a price of $49.00. Robert W. Baird raised the price target on November 3 changing the price objective from $40.00 to $48.00 and issued a “Neutral” recommendation.
Equity analyst Credit Suisse Group lowered the price target of the stock on November 3 cutting the projection from $43.00 to $41.00 with a “Neutral” recommendation. On October 27 analysts at Citigroup updated its forecast on FLR stating a rating of “Buy” and establishing a price target of $53.00.
October 14 investment analysts at Stephens held the stock rating at “Overweight” with a current price target of $50.00. October 11 investment analysts at Seaport Global Securities kept the stock rating at “Neutral” targeting a price of $44.00.
The company is now down since yesterday’s close of 45.66. The company’s P/E ratio is 31.85 and the market cap is 6.36B. As of the last earnings report the EPS was $1.43 with 139.88M shares presently outstanding.
Short traders are feeling a little more bullish on shares of the company of late as implied by the downtick in short interest. The company realized a fall in short interest of -8.78% between October 13, 2017 and October 31, 2017. Short interest fell from 6,898,971 to 6,293,448 over that period. The days to cover decreased to 5.0 and the percentage of shorted shares was 0.04% on October 31.