Fluor Co. (NYSE:FLR – Get Free Report) saw unusually large options trading activity on Tuesday. Investors acquired 4,733 call options on the stock. This is an increase of 70% compared to the average daily volume of 2,785 call options.
Institutional Trading of Fluor
A number of hedge funds and other institutional investors have recently made changes to their positions in FLR. Fifth Third Bancorp raised its holdings in shares of Fluor by 46.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,134 shares of the construction company’s stock worth $34,000 after purchasing an additional 360 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Fluor by 2,324.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,188 shares of the construction company’s stock worth $37,000 after purchasing an additional 1,139 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Fluor in the 4th quarter worth approximately $45,000. Atlas Capital Advisors LLC raised its holdings in shares of Fluor by 665.0% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,836 shares of the construction company’s stock worth $45,000 after purchasing an additional 1,596 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in shares of Fluor in the 4th quarter worth approximately $68,000. 99.20% of the stock is currently owned by institutional investors.
Fluor Price Performance
Shares of FLR stock traded up $1.66 during midday trading on Tuesday, reaching $38.26. 2,829,090 shares of the company were exchanged, compared to its average volume of 1,721,707. Fluor has a 12 month low of $23.37 and a 12 month high of $38.69. The company has a market cap of $5.49 billion, a P/E ratio of -96.45 and a beta of 2.25. The company’s 50 day moving average price is $33.33 and its two-hundred day moving average price is $30.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 1.53.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on FLR. TheStreet raised shares of Fluor from a “c” rating to a “b” rating in a report on Friday, August 11th. Credit Suisse Group lifted their price target on shares of Fluor from $32.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Citigroup lifted their price target on shares of Fluor from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Robert W. Baird lifted their price target on shares of Fluor from $40.00 to $43.00 in a report on Monday, August 7th. Finally, StockNews.com initiated coverage on shares of Fluor in a report on Thursday, August 17th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Fluor presently has an average rating of “Hold” and a consensus price target of $37.14.
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. 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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