Traders Purchase Large Volume of Fluor Call Options (NYSE:FLR)

Fluor Corporation (NYSE:FLR) was the target of some unusual options trading on Thursday. Investors bought 15,009 call options on the company. This is an increase of approximately 32% compared to the average daily volume of 11,395 call options.

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLR. MTM Investment Management LLC purchased a new position in shares of Fluor during the 2nd quarter valued at $26,000. IFP Advisors Inc acquired a new stake in Fluor during the second quarter valued at $27,000. Hantz Financial Services Inc. grew its stake in Fluor by 2,695.2% in the second 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 in the 2nd quarter worth about $33,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Fluor by 129.5% during the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analyst Weigh In

FLR has been the topic of a number of research analyst reports. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. DA Davidson lifted their price objective on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday. UBS Group decreased their price target on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a research report on Tuesday. Finally, Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.57.

Fluor Trading Down 3.0%

FLR stock traded down $1.36 during mid-day trading on Thursday, reaching $44.37. 753,592 shares of the stock traded hands, compared to its average volume of 3,648,722. Fluor has a 52-week low of $29.20 and a 52-week high of $57.50. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18. The company has a market cap of $7.15 billion, a P/E ratio of 1.83 and a beta of 1.59. The stock’s fifty day moving average is $44.84 and its 200-day moving average is $45.01.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, sell-side analysts expect that Fluor will post 2.5 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.