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

Fluor Co. (NYSE:FLR) was the recipient of some unusual options trading on Monday. Investors acquired 20,567 call options on the stock. This represents an increase of approximately 606% compared to the average daily volume of 2,914 call options.

Fluor Stock Up 0.7 %

Fluor stock opened at $39.49 on Tuesday. Fluor has a twelve month low of $25.69 and a twelve month high of $43.24. The firm has a market capitalization of $6.72 billion, a P/E ratio of 70.52, a P/E/G ratio of 3.11 and a beta of 2.12. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $39.53 and its 200-day simple moving average is $38.19.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. As a group, equities analysts expect that Fluor will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FLR. Truist Financial reiterated a “buy” rating and set a $46.00 price target on shares of Fluor in a research report on Monday, March 25th. KeyCorp assumed coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. TheStreet downgraded Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Finally, Citigroup increased their price objective on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.17.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FLR. Cornercap Investment Counsel Inc. lifted its position in Fluor by 2.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 14,039 shares of the construction company’s stock valued at $550,000 after acquiring an additional 326 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Fluor by 19.6% in the 4th quarter. Parallel Advisors LLC now owns 2,053 shares of the construction company’s stock valued at $80,000 after purchasing an additional 337 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Fluor by 32.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company’s stock valued at $55,000 after purchasing an additional 371 shares during the period. Spire Wealth Management grew its stake in Fluor by 59.2% during the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock worth $37,000 after buying an additional 375 shares during the last quarter. Finally, Strs Ohio increased its position in Fluor by 3.1% during the fourth quarter. Strs Ohio now owns 16,600 shares of the construction company’s stock worth $650,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.

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.