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

Key Points

• Fluor Corporation experienced unusually high options trading on Monday, with 13,278 call options purchased, a 61% increase over the typical volume.
• Institutional investors dominate Fluor's stock ownership at 88.07%, with recent large buys including MTM Investment Management and Hantz Financial Services.
• The company's stock has seen a significant price fluctuation, trading up 6.2% to $46.71, while recently posting disappointing quarterly earnings with an EPS of $0.43.

Fluor Corporation (NYSE:FLR - Get Free Report) was the target of unusually large options trading activity on Monday. Traders purchased 13,278 call options on the stock. This represents an increase of 61% compared to the typical daily volume of 8,251 call options.

Institutional Investors Weigh In On Fluor

Large investors have recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new stake in Fluor in the 2nd quarter worth $26,000. IFP Advisors Inc bought a new stake in Fluor in the 2nd quarter worth $27,000. Hurley Capital LLC bought a new stake in shares of Fluor during the 1st quarter valued at about $29,000. Hantz Financial Services Inc. boosted its stake in shares of Fluor by 2,695.2% during 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. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of Fluor by 800.0% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock valued at $32,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 88.07% of the company's stock.

Fluor Trading Up 6.2%

Shares of FLR stock traded up $2.73 on Monday, hitting $46.71. 1,229,499 shares of the company's stock traded hands, compared to its average volume of 3,579,776. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 1.92 and a beta of 1.48. Fluor has a one year low of $29.20 and a one year high of $60.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.62 and a current ratio of 1.62. The company's fifty day simple moving average is $42.18 and its 200 day simple moving average is $42.82.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.Fluor's revenue was down 5.9% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Equities analysts forecast that Fluor will post 2.5 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen cut shares of Fluor from a "hold" rating to a "sell" rating in a research report on Saturday. Zacks Research upgraded shares of Fluor from a "strong sell" rating to a "hold" rating in a research report on Friday, October 3rd. Truist Financial lowered their price objective on shares of Fluor from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Wednesday. UBS Group lowered their price objective on shares of Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Fluor in a research report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $49.43.

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.

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