Flowserve Corp (NYSE:FLS) has received a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $50.33.
Several brokerages have recently weighed in on FLS. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research report on Wednesday. Zacks Investment Research raised shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Citigroup set a $12.00 price objective on shares of Avaya and gave the company a “hold” rating in a research report on Monday.
In other news, insider John Lenander sold 5,761 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $49.32, for a total value of $284,132.52. Following the transaction, the insider now directly owns 16,568 shares of the company’s stock, valued at $817,133.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its holdings in Flowserve by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 85,027 shares of the industrial products company’s stock valued at $3,831,000 after buying an additional 223 shares during the period. Teacher Retirement System of Texas increased its holdings in Flowserve by 1.5% in the 4th quarter. Teacher Retirement System of Texas now owns 15,639 shares of the industrial products company’s stock valued at $595,000 after buying an additional 236 shares during the period. Mason Street Advisors LLC increased its holdings in Flowserve by 1.3% in the 1st quarter. Mason Street Advisors LLC now owns 18,687 shares of the industrial products company’s stock valued at $844,000 after buying an additional 238 shares during the period. Alpha Windward LLC increased its holdings in Flowserve by 2.4% in the 1st quarter. Alpha Windward LLC now owns 10,317 shares of the industrial products company’s stock valued at $466,000 after buying an additional 240 shares during the period. Finally, Woodstock Corp increased its holdings in Flowserve by 0.8% in the 2nd quarter. Woodstock Corp now owns 32,550 shares of the industrial products company’s stock valued at $1,715,000 after buying an additional 250 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.
FLS stock traded up $1.07 during trading hours on Friday, reaching $52.72. The stock had a trading volume of 25,236 shares, compared to its average volume of 737,984. The company has a market capitalization of $6.74 billion, a PE ratio of 30.05, a PEG ratio of 1.50 and a beta of 1.62. The company has a quick ratio of 1.57, a current ratio of 2.17 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average is $50.04. Flowserve has a fifty-two week low of $35.88 and a fifty-two week high of $56.86.
Flowserve (NYSE:FLS) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $890.05 million during the quarter, compared to analysts’ expectations of $943.79 million. Flowserve had a net margin of 4.25% and a return on equity of 13.46%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. As a group, sell-side analysts predict that Flowserve will post 2.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 21st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, June 20th. Flowserve’s payout ratio is presently 43.43%.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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