Bridgefront Capital LLC Makes New $568,000 Investment in Flowserve Corporation $FLS

Bridgefront Capital LLC acquired a new position in shares of Flowserve Corporation (NYSE:FLS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,692 shares of the industrial products company’s stock, valued at approximately $568,000.

Several other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in Flowserve by 3.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 157 shares during the period. Parallel Advisors LLC raised its position in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Flowserve by 0.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,128 shares of the industrial products company’s stock valued at $2,345,000 after buying an additional 200 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of Flowserve by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the industrial products company’s stock worth $1,456,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Flowserve by 0.7% during the third quarter. Arizona State Retirement System now owns 38,689 shares of the industrial products company’s stock worth $2,056,000 after buying an additional 263 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Stock Performance

Shares of FLS opened at $74.22 on Monday. The stock has a 50 day moving average price of $80.89 and a 200 day moving average price of $68.76. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.26. Flowserve Corporation has a 52-week low of $37.34 and a 52-week high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts predict that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, March 27th. This represents a $0.88 annualized dividend and a yield of 1.2%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio (DPR) is 32.06%.

Analysts Set New Price Targets

Several brokerages recently weighed in on FLS. Mizuho raised their target price on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Citigroup boosted their price target on shares of Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Wall Street Zen downgraded shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Sunday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Finally, TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Company Profile

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.