Flowserve Corp. (NYSE: FLS) is 14.05% higher on its value in year-to-date trading and has touched a low of $31.92 and a high of $46.31 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLS stock was last observed hovering at around $46.29 in the last trading session, with the day’s gains setting it 0.72%.
Currently trading at $47.01, the stock is 5.19% and 9.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 1.56% at the moment leaves the stock 18.79% off its SMA200. FLS registered 38.26% gain for a year compared to 6-month gain of 20.82%. The firm has a 50-day simple moving average (SMA 50) of $1.60 and a 200-day simple moving average (SMA200) of $18.52.
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The stock witnessed a 11.19% loss in the last 1 month and extending the period to 3 months gives it a 16.05%, and is 3.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.37% over the week and 1.52% over the month.
Flowserve Corp. (FLS) has around 16000 employees, a market worth around $6.17B and $4.32B in sales. Current P/E ratio is 33.22 and Fwd P/E is 15.93. Profit margin for the company is 4.32%. Distance from 52-week low is 47.27% and 1.51% from its 52-week high. The company has generated returns on investments over the last 12 months (5.76%).
Flowserve Corp. quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $1.04B over the same period.The EPS is expected to grow by 21.07% this year, but quarterly earnings will post 5.80% year-over-year. Quarterly sales are estimated to grow 15.60% in year-over-year returns.
508 institutions hold shares in Flowserve Corp. (FLS), with institutional investors hold 98.48% of the company’s shares. The shares outstanding are 130.91M, and float is at 130.44M with Short Float at 1.14%. Institutions hold 97.93% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.19 million shares valued at $489.99 million. The investor’s holdings represent 10.05% of the FLS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.05 million shares valued at $410.4 million to account for 8.42% of the shares outstanding. The other top investors are First Eagle Investment Management, LLC which holds 10.94 million shares representing 8.34% and valued at over $406.28 million, while Wellington Management Group, LLP holds 7.54% of the shares totaling 9.89 million with a market value of $367.35 million.
Flowserve Corp. (FLS) Insider Activity
The most recent transaction is an insider sale by Wilson Kirk, the company’s President, FCD. SEC filings show that Wilson Kirk sold 20,000 shares of the company’s common stock on Feb 26 ’24 at a price of $42.12 per share for a total of $0.84 million. Following the sale, the insider now owns 46832.0 shares.
