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

Fluor Co. (NYSE:FLR) was the target of some unusual options trading activity on Wednesday. Stock investors bought 4,054 call options on the company. This represents an increase of 52% compared to the average volume of 2,671 call options.

Insider Buying and Selling at Fluor

In other news, CAO John C. Regan sold 13,000 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other 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 owns 55,965 shares of the company’s stock, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $584,435.70. Following the transaction, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,261 shares of company stock worth $2,156,604 over the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Trading of Fluor

A number of hedge funds have recently made changes to their positions in FLR. Rise Advisors LLC purchased a new stake in Fluor during the 1st quarter valued at about $28,000. ORG Partners LLC bought a new position in shares of Fluor in the second quarter worth approximately $34,000. GAMMA Investing LLC grew its holdings in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after buying an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Fluor by 6,642.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after acquiring an additional 930 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Fluor in the 2nd quarter valued at approximately $51,000. 88.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FLR. Robert W. Baird increased their price target on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Citigroup raised their target price on Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. UBS Group upped their price target on Fluor from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Barclays boosted their target price on Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, DA Davidson raised their price target on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Price Performance

Shares of FLR stock opened at $53.86 on Friday. The business’s fifty day moving average is $48.26 and its 200 day moving average is $44.97. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.18 and a beta of 1.91. Fluor has a twelve month low of $32.31 and a twelve month high of $55.75.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) 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 company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the business earned $0.76 EPS. Fluor’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts expect that Fluor will post 2.88 EPS for the current fiscal year.

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.