Stock Traders Purchase Large Volume of Fluor Call Options (NYSE:FLR)

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FLR shares. DA Davidson raised their price objective on shares of Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Citigroup lifted their target price on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Robert W. Baird lifted their target price on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Truist Financial lifted their target price on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays lifted their target price on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Stock Performance

Shares of FLR opened at $54.60 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $9.35 billion, a P/E ratio of 31.74, a P/E/G ratio of 2.18 and a beta of 1.91. The company’s fifty day moving average is $48.16 and its two-hundred day moving average is $44.91. Fluor has a 1 year low of $32.31 and a 1 year high of $55.75.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.17. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Fluor had a net margin of 2.62% and a return on equity of 25.02%. Fluor’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. On average, sell-side analysts predict that Fluor will post 2.88 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO John C. Regan sold 13,000 shares of Fluor stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the transaction, the chief accounting officer now owns 55,965 shares in the company, valued at $2,703,669.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Fluor news, CAO John C. Regan sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total transaction of $628,030.00. Following the sale, the chief accounting officer now owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph L. Brennan sold 11,619 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the sale, the chief financial officer now directly owns 41,908 shares in the company, valued at approximately $2,107,972.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,261 shares of company stock worth $2,156,604 over the last 90 days. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently made changes to their positions in the stock. ClariVest Asset Management LLC boosted its position in shares of Fluor by 0.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after purchasing an additional 233 shares in the last quarter. Xponance Inc. boosted its position in shares of Fluor by 1.2% during the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock worth $1,006,000 after purchasing an additional 265 shares in the last quarter. JGP Wealth Management LLC boosted its position in shares of Fluor by 5.6% during the 3rd quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock worth $253,000 after purchasing an additional 283 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Fluor by 46.4% during the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after purchasing an additional 285 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Fluor by 0.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock worth $2,739,000 after purchasing an additional 286 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

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.