Fluor Sees Unusually Large Options Volume (NYSE:FLR)

Fluor Co. (NYSE:FLR) was the target of some unusual options trading activity on Monday. Stock traders bought 20,567 call options on the company. This represents an increase of approximately 606% compared to the typical volume of 2,914 call options.

Fluor Price Performance

Shares of NYSE FLR opened at $40.40 on Wednesday. Fluor has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 72.14, a PEG ratio of 3.11 and a beta of 2.12. The business has a 50-day moving average of $39.54 and a 200-day moving average of $38.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60.

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, beating 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 business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the business posted $0.43 EPS. Fluor’s revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts predict that Fluor will post 2.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLR has been the subject of a number of research reports. Citigroup increased their target price on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday. KeyCorp initiated coverage on Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Truist Financial reiterated a “buy” rating and set a $46.00 target price on shares of Fluor in a report on Monday, March 25th. Finally, TheStreet cut Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Fluor presently has a consensus rating of “Hold” and an average target price of $43.17.

Institutional Investors Weigh In On Fluor

Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in Fluor by 1.4% during the third quarter. Wellington Management Group LLP now owns 17,807,780 shares of the construction company’s stock worth $653,546,000 after acquiring an additional 243,371 shares during the last quarter. Vanguard Group Inc. lifted its position in Fluor by 18.6% during the fourth 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. Victory Capital Management Inc. lifted its position in Fluor by 12.6% during the third quarter. Victory Capital Management Inc. now owns 1,975,324 shares of the construction company’s stock worth $72,494,000 after acquiring an additional 220,962 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fluor by 13.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,056 shares of the construction company’s stock worth $57,974,000 after acquiring an additional 177,907 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Fluor in the third quarter valued at approximately $31,143,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.