Fluor Sees Unusually Large Options Volume (NYSE:FLR)

Fluor Co. (NYSE:FLR) was the target of some unusual options trading activity on Wednesday. Investors bought 21,245 call options on the company. This is an increase of approximately 309% compared to the typical volume of 5,194 call options.

Fluor Trading Down 0.4 %

FLR stock opened at $39.58 on Thursday. The business has a fifty day moving average price of $49.31 and a 200 day moving average price of $50.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. Fluor has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 3.06 and a beta of 1.89.

Fluor (NYSE:FLR) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Analysts expect that Fluor will post 2.62 EPS for the current fiscal year.

Insider Activity

In other Fluor news, insider Mark E. Fields sold 50,000 shares of Fluor stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now owns 147,045 shares in the company, valued at $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the transaction, the insider now owns 137,974 shares of the company’s stock, 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. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently modified their holdings of FLR. CWM LLC increased its holdings in shares of Fluor by 34.9% in the third quarter. CWM LLC now owns 5,414 shares of the construction company’s stock valued at $258,000 after purchasing an additional 1,400 shares in the last quarter. Creative Planning increased its stake in shares of Fluor by 35.5% in the 3rd quarter. Creative Planning now owns 42,001 shares of the construction company’s stock valued at $2,004,000 after buying an additional 11,014 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Fluor during the third quarter worth $418,000. Bleakley Financial Group LLC acquired a new position in shares of Fluor during the third quarter valued at $204,000. Finally, Raymond James & Associates boosted its holdings in Fluor by 9.4% in the third quarter. Raymond James & Associates now owns 96,025 shares of the construction company’s stock valued at $4,581,000 after acquiring an additional 8,232 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp increased their target price on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. UBS Group raised their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup lowered their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.43.

About Fluor

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.