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

Fluor Corporation (NYSE:FLR) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 15,009 call options on the company. This represents an increase of approximately 32% compared to the average volume of 11,395 call options.

Fluor Price Performance

Fluor stock traded down $1.36 during midday trading on Thursday, reaching $44.37. The company had a trading volume of 753,592 shares, compared to its average volume of 3,648,722. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. Fluor has a 12-month low of $29.20 and a 12-month high of $57.50. The company has a market capitalization of $7.15 billion, a P/E ratio of 1.83 and a beta of 1.59. The firm’s fifty day simple moving average is $44.84 and its 200-day simple moving average is $45.01.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.44 by $0.24. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $4.20 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.Fluor’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, equities analysts anticipate that Fluor will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FLR shares. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research raised Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. DA Davidson upped their price objective on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird decreased their target price on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Finally, Citigroup dropped their price target on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Fluor has a consensus rating of “Hold” and an average target price of $49.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLR. MTM Investment Management LLC purchased a new stake in shares of Fluor in the second quarter valued at about $26,000. IFP Advisors Inc acquired a new stake in Fluor in the second quarter valued at about $27,000. Hantz Financial Services Inc. boosted its holdings in Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after purchasing an additional 566 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Fluor during the 2nd quarter worth approximately $33,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Fluor by 129.5% in the third quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares in the last quarter. Hedge funds and other institutional investors 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.