Flowserve Corp (NYSE: FLS) is -16.26% 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 $48.87 in the last trading session, with the day’s loss setting it -0.7%.
Currently trading at $48.17, the stock is -3.84% and 3.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.95 million and changing -1.43% at the moment leaves the stock -9.75% off its SMA200. FLS registered 0.21% gain for a year compared to 6-month loss of -22.31%. The firm has a 50-day simple moving average (SMA 50) of $46.762 and a 200-day simple moving average (SMA200) of $53.37475.
The stock witnessed a 0.54% gain in the last 1 month and extending the period to 3 months gives it a 3.66%, and is -2.53% 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 4.06% over the week and 2.61% over the month.
Flowserve Corp (FLS) has around 16000 employees, a market worth around $6.30B and $4.61B in sales. Current P/E ratio is 22.59 and Fwd P/E is 13.33. Profit margin for the company is 6.12%. Distance from 52-week low is 29.00% and -25.98% from its 52-week high. The company has generated returns on investments over the last 12 months (7.67%).
The EPS is expected to grow by 21.98% this year.
Flowserve Corp (FLS) Top Institutional Holders
655.0 institutions hold shares in Flowserve Corp (FLS), with institutional investors hold 98.54% of the company’s shares. The shares outstanding are 131.18M, and float is at 129.95M with Short Float at 2.59%. Institutions hold 97.98% 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 10.1783 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.
