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

Fluor Co. (NYSE:FLR) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 4,054 call options on the company. This is an increase of 52% compared to the average daily volume of 2,671 call options.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FLR shares. Citigroup upped their price objective on Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Robert W. Baird increased their price target on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. KeyCorp upgraded Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective on the stock in a research note on Wednesday, July 17th. Truist Financial increased their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price target on shares of Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fluor has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Price Performance

Shares of NYSE:FLR opened at $53.86 on Friday. Fluor has a 12 month low of $32.31 and a 12 month high of $55.75. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.22 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.18 and a beta of 1.91. The company has a 50 day moving average of $48.26 and a 200 day moving average of $44.97.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that Fluor will post 2.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the transaction, the chief financial officer now owns 53,527 shares of the company’s stock, valued at $2,676,885.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares of the company’s stock, valued at $2,676,885.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joseph L. Brennan sold 11,619 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the completion of the transaction, the chief financial officer now directly owns 41,908 shares in the company, valued at $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,261 shares of company stock valued at $2,156,604. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Fluor during the fourth quarter valued at approximately $250,000. Goldman Sachs Group Inc. raised its position in shares of Fluor by 7.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 794,174 shares of the construction company’s stock valued at $31,108,000 after buying an additional 53,398 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Fluor by 18.6% during the 4th quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock worth $668,278,000 after acquiring an additional 2,670,473 shares during the last quarter. CWM LLC grew its position in Fluor by 127.4% in the first quarter. CWM LLC now owns 3,904 shares of the construction company’s stock worth $165,000 after acquiring an additional 2,187 shares in the last quarter. Finally, Insight Wealth Strategies LLC increased its stake in Fluor by 5.5% in the first quarter. Insight Wealth Strategies LLC now owns 27,468 shares of the construction company’s stock valued at $1,161,000 after acquiring an additional 1,427 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

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.