Flowserve Corp (NYSE: FLS) is -11.61% lower on its value in year-to-date trading and has touched a low of $41.94 and a high of $65.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FLS stock was last observed hovering at around $50.46 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $50.84, the stock is -12.81% and -14.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.33 million and changing 0.75% at the moment leaves the stock -5.17% off its SMA200. FLS registered 19.23% gain for a year compared to 6-month gain of 1.92%.
The stock witnessed a -17.93% loss in the last 1 month and extending the period to 3 months gives it a -16.68%, and is -7.83% down 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 3.71% over the week and 2.94% over the month.
Flowserve Corp (FLS) has around 16000 employees, a market worth around $6.70B and $4.56B in sales. Current P/E ratio is 23.75 and Fwd P/E is 13.67. Profit margin for the company is 6.20%. Distance from 52-week low is 21.22% and -21.88% from its 52-week high. The company has generated returns on investments over the last 12 months (7.82%).
The EPS is expected to grow by 22.90% this year
The shares outstanding are 131.10M, and float is at 130.98M with Short Float at 1.66%.
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 8.1725 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
A total of 0 insider transactions have happened at Flowserve Corp (FLS) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
Flowserve Corp (FLS): Who are the competitors?
One of the company’s main competitors (and peers) include IDEX Corp. (IEX) that is trading -20.52% down over the past 12 months.Graco Inc. (GGG) lies in the list of competitors of the Flowserve Corp and is -7.18% lower over the same period from FLSParker Hannifin Corp. (PH) is 20.48% up on the 1-year trading charts.
