Fluor Sees Unusually High Options Volume (NYSE:FLR)

Fluor Co. (NYSE:FLR - Get Free Report) was the recipient of some unusual options trading on Wednesday. Investors purchased 21,245 call options on the company. This is an increase of 309% compared to the average daily volume of 5,194 call options.

Insider Activity at Fluor

In other news, insider Thomas P. D'agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Fields sold 50,000 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Fluor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLR. Neo Ivy Capital Management increased its stake in shares of Fluor by 45.2% during the 4th quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company's stock worth $3,252,000 after purchasing an additional 20,541 shares in the last quarter. State of Wyoming grew its holdings in Fluor by 165.6% during the 4th quarter. State of Wyoming now owns 5,068 shares of the construction company's stock valued at $250,000 after buying an additional 3,160 shares during the last quarter. Tema Etfs LLC purchased a new position in Fluor during the fourth quarter worth $5,317,000. Point72 Hong Kong Ltd raised its holdings in shares of Fluor by 15.6% in the fourth quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company's stock worth $2,133,000 after acquiring an additional 5,849 shares during the last quarter. Finally, Potrero Capital Research LLC purchased a new stake in shares of Fluor in the fourth quarter valued at $14,115,000. Institutional investors and hedge funds own 88.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird cut their price target on Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a research note on Wednesday. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research report on Thursday. Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. DA Davidson lowered their price objective on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Citigroup cut their target price on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.43.

Fluor Price Performance

Shares of NYSE:FLR traded down $2.10 during trading on Friday, hitting $37.73. 4,140,554 shares of the stock were exchanged, compared to its average volume of 3,613,242. The company has a market cap of $6.37 billion, a PE ratio of 3.10, a P/E/G ratio of 1.36 and a beta of 1.89. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $48.66 and a two-hundred day moving average price of $50.04. Fluor has a 12-month low of $35.04 and a 12-month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. On average, analysts forecast that Fluor will post 2.5 EPS for the current year.

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.