Shares of Flowserve Co. (NYSE:FLS - Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,817,652 shares traded hands during trading, an increase of 132% from the previous session's volume of 1,214,812 shares.The stock last traded at $38.25 and had previously closed at $43.60.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on FLS shares. Citigroup reduced their target price on Flowserve from $73.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Robert W. Baird raised Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 price objective on the stock in a report on Monday, March 17th. StockNews.com lowered Flowserve from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Mizuho lifted their price target on shares of Flowserve from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Stifel Nicolaus upped their price objective on shares of Flowserve from $75.00 to $77.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $68.60.
Read Our Latest Analysis on FLS
Flowserve Stock Up 1.0 %
The company has a market capitalization of $5.56 billion, a P/E ratio of 19.73, a PEG ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39. The company has a 50 day moving average of $51.93 and a 200-day moving average of $56.05.
Flowserve (NYSE:FLS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.07). The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.21 billion. Flowserve had a net margin of 6.20% and a return on equity of 17.08%. As a group, equities analysts anticipate that Flowserve Co. will post 3.18 EPS for the current year.
Flowserve Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, March 28th. Flowserve's payout ratio is currently 39.25%.
Institutional Trading of Flowserve
Several large investors have recently bought and sold shares of FLS. Headlands Technologies LLC boosted its position in shares of Flowserve by 4,790.0% during the fourth quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 479 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Flowserve during the 3rd quarter valued at $29,000. Park Square Financial Group LLC purchased a new stake in shares of Flowserve in the 4th quarter worth about $33,000. Colonial Trust Co SC increased its stake in shares of Flowserve by 415.7% in the 4th quarter. Colonial Trust Co SC now owns 593 shares of the industrial products company's stock worth $34,000 after acquiring an additional 478 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Flowserve by 64.2% during the 4th quarter. UMB Bank n.a. now owns 711 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 278 shares during the period. 93.93% of the stock is owned by institutional investors.
About Flowserve
(
Get Free Report)
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.
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