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

Fluor Co. (NYSE:FLR - Get Free Report) saw unusually large options trading on Thursday. Investors bought 10,734 call options on the company. This represents an increase of approximately 152% compared to the average daily volume of 4,256 call options.

Insiders Place Their Bets

In related news, CFO Joseph L. Brennan sold 4,012 shares of the business's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares of the company's stock, valued at $2,676,885.27. The trade was a 6.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas P. D'agostino sold 7,681 shares of Fluor stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares of the company's stock, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,312 shares of company stock worth $4,049,707. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Fluor by 42.1% during the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock worth $41,077,000 after purchasing an additional 254,904 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Fluor during the 3rd quarter worth approximately $215,000. Birmingham Capital Management Co. Inc. AL bought a new position in Fluor in the third quarter valued at approximately $202,000. Cim Investment Management Inc. acquired a new position in shares of Fluor in the third quarter valued at approximately $391,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Fluor during the third quarter worth $96,000. 88.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FLR. Baird R W downgraded Fluor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. KeyCorp upped their price target on shares of Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. UBS Group raised their price objective on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and increased their price target for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Finally, Truist Financial boosted their price objective on shares of Fluor from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Fluor presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.86.

Fluor Trading Down 0.1 %

NYSE FLR traded down $0.05 on Thursday, reaching $49.27. The company had a trading volume of 992,380 shares, compared to its average volume of 1,722,960. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor has a 52 week low of $35.04 and a 52 week high of $60.10. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 4.36 and a beta of 1.89. The stock's 50 day moving average is $53.15 and its 200-day moving average is $49.55.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.25). The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share. Equities analysts predict that Fluor will post 2.62 earnings per share 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.