Flowserve Corp (NYSE: FLS) is -26.50% lower on its value in year-to-date trading and has touched a low of $37.34 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 $41.83 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $42.28, the stock is -10.88% and -19.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 1.08% at the moment leaves the stock -20.96% off its SMA200. FLS registered -10.95% loss for a year compared to 6-month loss of -22.02%. The firm has a 50-day simple moving average (SMA 50) of $52.7656 and a 200-day simple moving average (SMA200) of $53.4898.
The stock witnessed a -11.18% gain in the last 1 month and extending the period to 3 months gives it a -27.43%, and is 5.52% 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 9.81% over the week and 5.39% over the month.
Flowserve Corp (FLS) has around 16000 employees, a market worth around $5.57B and $4.56B in sales. Current P/E ratio is 19.79 and Fwd P/E is 11.46. Profit margin for the company is 6.20%. Distance from 52-week low is 13.23% and -35.03% from its 52-week high. The company has generated returns on investments over the last 12 months (7.82%).
with sales reaching $1.11B over the same period.The EPS is expected to grow by 22.04% this year, but quarterly earnings will post 5.41% year-over-year. Quarterly sales are estimated to grow 2.06% in year-over-year returns.
Flowserve Corp (FLS) Top Institutional Holders
654.0 institutions hold shares in Flowserve Corp (FLS), with institutional investors hold 97.71% of the company’s shares. The shares outstanding are 131.10M, and float is at 130.88M with Short Float at 1.57%. Institutions hold 97.17% 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 11.9862% 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.
