Traders Buy High Volume of Call Options on Fluor (NYSE:FLR)

Fluor Co. (NYSE:FLR) saw some unusual options trading on Friday. Investors purchased 18,145 call options on the company. This is an increase of 652% compared to the typical daily volume of 2,414 call options.

Fluor Trading Up 0.5 %

NYSE:FLR opened at $50.06 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor has a 12 month low of $32.31 and a 12 month high of $51.64. The company has a market cap of $8.57 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.55 and a beta of 1.99. The company has a 50 day simple moving average of $47.18 and a two-hundred day simple moving average of $42.83.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts forecast that Fluor will post 2.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup raised their price objective on shares of Fluor from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. UBS Group boosted their target price on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. DA Davidson raised their price target on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial upped their price objective on shares of Fluor from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Barclays increased their price target on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Insider Activity

In related news, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total value of $628,030.00. Following the completion of the sale, the chief accounting officer now directly owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fluor

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in Fluor in the 4th quarter worth $27,000. Rise Advisors LLC purchased a new stake in Fluor in the 1st quarter worth $28,000. ORG Partners LLC purchased a new stake in Fluor in the 2nd quarter worth $34,000. Spire Wealth Management raised its position in shares of Fluor by 59.2% during the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock valued at $37,000 after buying an additional 375 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Fluor by 6,642.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock valued at $41,000 after buying an additional 930 shares in the last quarter. 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.