Fluor Target of Unusually Large Options Trading (NYSE:FLR)

Fluor Co. (NYSE:FLR) saw some unusual options trading on Wednesday. Traders acquired 21,245 call options on the company. This represents an increase of 309% compared to the typical daily volume of 5,194 call options.

Analyst Ratings Changes

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

Insider Buying and Selling at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Wealth Management LLC acquired a new stake in Fluor in the fourth quarter valued at $484,000. Exchange Traded Concepts LLC raised its stake in shares of Fluor by 291.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 32,472 shares in the last quarter. Aequim Alternative Investments LP grew its stake in Fluor by 6.0% in the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after purchasing an additional 41,800 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Fluor by 139.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after buying an additional 9,992 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Fluor by 27.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after acquiring an additional 457,220 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Trading Down 1.8 %

Shares of FLR traded down $0.72 during mid-day trading on Wednesday, reaching $39.03. The company had a trading volume of 2,252,084 shares, compared to its average volume of 3,087,616. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.06 and a beta of 1.89. The firm has a fifty day simple moving average of $49.64 and a 200-day simple moving average of $50.22.

Fluor (NYSE:FLR) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 20.05% and a net margin of 1.64%. On average, sell-side analysts anticipate that Fluor will post 2.62 EPS for the current fiscal year.

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.