Flowserve (NYSE:FLS) Director Brian Savoy Acquires 1,000 Shares of Stock

Flowserve Corporation (NYSE:FLS) Director Brian Savoy bought 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at $67,340. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Flowserve Stock Down 4.3%

Shares of FLS traded down $2.93 during trading on Friday, reaching $65.06. The company’s stock had a trading volume of 2,069,092 shares, compared to its average volume of 1,964,219. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a fifty day moving average of $77.01 and a two-hundred day moving average of $75.60.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.72 earnings per share. The business’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. On average, sell-side analysts predict that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.4%. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

Wall Street Analysts Forecast Growth

FLS has been the subject of a number of recent analyst reports. 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. TD Cowen restated a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Royal Bank Of Canada cut their price objective on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.70.

Institutional Trading of Flowserve

Several institutional investors and hedge funds have recently bought and sold shares of FLS. BOKF NA acquired a new stake in Flowserve during the third quarter valued at approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in Flowserve during the fourth quarter valued at approximately $36,000. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Flowserve during the 3rd quarter worth approximately $40,000. Finally, IFP Advisors Inc raised its position in shares of Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.