Flowserve Corporation (NYSE:FLS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Flowserve Corporation (NYSE:FLS) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $75.3333.

FLS has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on Flowserve from $64.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $84.00 price target on Flowserve in a report on Thursday, October 30th. Citigroup upped their price target on Flowserve from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. UBS Group lifted their price objective on Flowserve from $65.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st.

Insider Buying and Selling at Flowserve

In other Flowserve news, insider Susan Claire Hudson sold 10,667 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $70.01, for a total transaction of $746,796.67. Following the transaction, the insider directly owned 6,589 shares of the company’s stock, valued at approximately $461,295.89. The trade was a 61.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lamar L. Duhon sold 1,609 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $69.51, for a total transaction of $111,841.59. Following the completion of the sale, the insider directly owned 15,116 shares of the company’s stock, valued at approximately $1,050,713.16. This represents a 9.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 59,276 shares of company stock valued at $4,196,578. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Flowserve by 5.4% in the first quarter. Wellington Management Group LLP now owns 4,856,358 shares of the industrial products company’s stock worth $237,185,000 after purchasing an additional 248,273 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Flowserve by 104.4% in the 3rd 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. Boston Partners bought a new stake in shares of Flowserve in the 2nd quarter worth approximately $223,561,000. UBS Group AG grew its stake in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after buying an additional 1,676,284 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after buying an additional 290,226 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Stock Down 1.3%

FLS opened at $69.96 on Wednesday. The stock has a market cap of $8.89 billion, a PE ratio of 20.34, a P/E/G ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. Flowserve has a 52 week low of $37.34 and a 52 week high of $72.08. The business’s fifty day simple moving average is $60.58 and its 200 day simple moving average is $55.35.

Flowserve (NYSE:FLS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a return on equity of 19.41% and a net margin of 9.66%.Flowserve’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. As a group, research analysts expect that Flowserve will post 3.18 earnings per share for the current fiscal year.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.