Fluor Sees Unusually Large Options Volume (NYSE:FLR)

Fluor Co. (NYSE:FLR) was the target of unusually large options trading activity on Monday. Investors acquired 20,567 call options on the company. This represents an increase of approximately 606% compared to the typical daily volume of 2,914 call options.

Fluor Trading Up 2.4 %

Shares of FLR stock opened at $40.40 on Wednesday. Fluor has a 12-month low of $25.69 and a 12-month high of $43.24. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $39.54 and its 200 day moving average is $38.22. The stock has a market capitalization of $6.87 billion, a P/E ratio of 72.14, a P/E/G ratio of 3.11 and a beta of 2.12.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts expect that Fluor will post 2.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FLR shares. Truist Financial restated a “buy” rating and issued a $46.00 price objective on shares of Fluor in a report on Monday, March 25th. Citigroup increased their price target on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Monday. KeyCorp started coverage on shares of Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.17.

Institutional Investors Weigh In On Fluor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in Fluor in the fourth quarter worth approximately $27,000. Rise Advisors LLC bought a new position in Fluor in the first quarter worth approximately $28,000. BKM Wealth Management LLC bought a new position in Fluor in the fourth quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Fluor in the fourth quarter worth approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Fluor in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.