Flowserve Corp (NYSE: FLS) is -10.80% lower on its value in year-to-date trading and has touched a low of $43.66 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 $49.94 in the last trading session, with the day’s gains setting it 1.37%.
Currently trading at $51.31, the stock is -0.25% and -11.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing 2.74% at the moment leaves the stock -4.23% off its SMA200. FLS registered 15.98% gain for a year compared to 6-month gain of 9.90%. The firm has a 50-day simple moving average (SMA 50) of $57.712 and a 200-day simple moving average (SMA200) of $53.57485.
The stock witnessed a -18.68% loss in the last 1 month and extending the period to 3 months gives it a -15.36%, and is 5.62% 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 2.80% over the week and 3.68% over the month.
Flowserve Corp (FLS) has around 16000 employees, a market worth around $6.76B and $4.56B in sales. Current P/E ratio is 24.02 and Fwd P/E is 13.79. Profit margin for the company is 6.20%. Distance from 52-week low is 17.52% and -21.15% 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
650.0 institutions hold shares in Flowserve Corp (FLS), with institutional investors hold 97.80% of the company’s shares. The shares outstanding are 131.10M, and float is at 130.96M with Short Float at 1.57%. Institutions hold 97.24% 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 8.1725 and valued at over $$517.54 million, while WELLINGTON MANAGEMENT GROUP LLP holds 4.9735 of the shares totaling 6.55 million with a market value of $$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.
