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

Fluor Co. (NYSE:FLR) saw unusually large options trading on Monday. Stock investors purchased 20,567 call options on the company. This represents an increase of approximately 606% compared to the average volume of 2,914 call options.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FLR shares. TheStreet lowered Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. KeyCorp assumed coverage on shares of Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Citigroup lifted their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $46.00 target price on shares of Fluor in a report on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.17.

Fluor Trading Up 0.7 %

NYSE:FLR opened at $39.49 on Tuesday. Fluor has a 12-month low of $25.69 and a 12-month high of $43.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60. 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 business has a 50 day simple moving average of $39.53 and a 200 day simple moving average of $38.19.

Fluor (NYSE:FLR) last issued 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 firm had revenue of $3.82 billion for 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%. Fluor’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Equities research analysts predict that Fluor will post 2.84 EPS for the current year.

Institutional Trading of Fluor

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in Fluor in the 4th quarter worth approximately $27,000. Rise Advisors LLC acquired a new position in Fluor in the 1st quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Fluor during the fourth quarter worth $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Fluor in the 4th quarter valued at $36,000. Institutional investors and hedge funds 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.