Flowserve Corp. (NYSE: FLS) is 31.34% higher on its value in year-to-date trading and has touched a low of $35.80 and a high of $55.90 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 $52.94 in the last trading session, with the day’s gains setting it 1.2%.
Currently trading at $54.14, the stock is 0.75% and 7.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing 2.27% at the moment leaves the stock 14.77% off its SMA200. FLS registered 51.06% gain for a year compared to 6-month gain of 14.80%. The firm has a 50-day simple moving average (SMA 50) of $50.5506 and a 200-day simple moving average (SMA200) of $47.17255.
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The stock witnessed a 4.74% loss in the last 1 month and extending the period to 3 months gives it a 7.10%, and is 1.12% 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 2.94% over the week and 2.32% over the month.
Flowserve Corp. (FLS) has around 16000 employees, a market worth around $7.11B and $4.54B in sales. Current P/E ratio is 26.74 and Fwd P/E is 16.83. Profit margin for the company is 5.90%. Distance from 52-week low is 51.23% and -3.15% from its 52-week high. The company has generated returns on investments over the last 12 months (7.91%).
with sales reaching $1.22B over the same period.The EPS is expected to grow by 30.16% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 4.40% in year-over-year returns.
Flowserve Corp. (FLS) Top Institutional Holders
561.0 institutions hold shares in Flowserve Corp. (FLS), with institutional investors hold 99.15% of the company’s shares. The shares outstanding are 130.91M, and float is at 130.74M with Short Float at 1.27%. Institutions hold 98.69% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.78 million shares valued at $759.05 million. The investor’s holdings represent 11.9995% of the FLS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.4 million shares valued at $644.56 million to account for 10.1896 of the shares outstanding. The other top investors are FIRST EAGLE INVESTMENT MANAGEMENT, LLC which holds 10.76 million shares representing 8.1816% and valued at over $517.54 million, while WELLINGTON MANAGEMENT GROUP LLP holds 4.979 of the shares totaling 6.55 million with a market value of $314.96 million.
Flowserve Corp. (FLS) Insider Activity
The most recent transaction is an insider sale by Rowe Robert Scott, the company’s President & CEO. SEC filings show that Rowe Robert Scott sold 57,731 shares of the company’s common stock on May 23 ’24 at a price of $49.24 per share for a total of $2.84 million. Following the sale, the insider now owns 0.35 million shares.
Flowserve Corp. disclosed in a document filed with the SEC on May 22 ’24 that Rowe Robert Scott (President & CEO) sold a total of 42,269 shares of the company’s common stock. The trade occurred on May 22 ’24 and was made at $49.98 per share for $2.11 million. Following the transaction, the insider now directly holds 0.41 million shares of the FLS stock.
Still, SEC filings show that on Feb 26 ’24, Wilson Kirk (President, FCD) disposed off 20,000 shares at an average price of $42.12 for $0.84 million. The insider now directly holds 46,832 shares of Flowserve Corp. (FLS).
