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

Fluor Corporation (NYSE:FLR) was the target of some unusual options trading on Tuesday. Traders acquired 21,053 call options on the company. This represents an increase of approximately 399% compared to the average volume of 4,218 call options.

Fluor Stock Performance

FLR traded down $3.02 during trading on Tuesday, hitting $48.44. The stock had a trading volume of 1,042,605 shares, compared to its average volume of 2,760,971. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The company has a 50 day moving average price of $49.15 and a 200-day moving average price of $47.13. Fluor has a one year low of $37.62 and a one year high of $57.50. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 1.57 and a beta of 1.23.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, research analysts predict that Fluor will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC raised its position in Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares in the last quarter. Assetmark Inc. lifted its position in shares of Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after buying an additional 483 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Fluor in the fourth quarter valued at about $27,000. Larson Financial Group LLC boosted its stake in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Fluor in the fourth quarter valued at about $35,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Truist Financial increased their price objective on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Citigroup cut their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Zacks Research downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Robert W. Baird increased their price target on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Fluor has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.