Flowserve Corporation (NYSE:FLS – Get Free Report) Director Brian Savoy purchased 1,000 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Flowserve Trading Down 4.3%
FLS stock traded down $2.93 during trading on Friday, reaching $65.06. 2,069,092 shares of the stock traded hands, compared to its average volume of 1,964,219. The business’s 50 day moving average price is $77.01 and its 200-day moving average price is $75.60. Flowserve Corporation has a 52-week low of $45.11 and a 52-week high of $92.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The firm has a market capitalization of $8.32 billion, a PE ratio of 24.10, a P/E/G ratio of 1.50 and a beta of 1.24.
Flowserve (NYSE:FLS – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current year.
Flowserve Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Flowserve by 104.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after purchasing an additional 2,213,406 shares in the last quarter. UBS Group AG lifted its stake in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Flowserve by 9.9% in the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after acquiring an additional 290,226 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Flowserve by 5.0% in the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after acquiring an additional 136,867 shares in the last quarter. Finally, Nuveen LLC lifted its stake in shares of Flowserve by 6.1% in the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after acquiring an additional 158,661 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $83.00 price target on shares of Flowserve in a research report on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Stifel Nicolaus set a $92.00 price objective on Flowserve in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Finally, Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.
Get Our Latest Research Report on FLS
About Flowserve
Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.
Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.
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