Flowserve (NYSE:FLS) Trading Down 7.2% – Should You Sell?

Shares of Flowserve Corporation (NYSE:FLS) were down 7.2% during trading on Wednesday . The stock traded as low as $74.54 and last traded at $74.1980. 1,207,529 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 1,963,979 shares. The stock had previously closed at $79.98.

Analysts Set New Price Targets

A number of research analysts have weighed in on FLS shares. Citigroup reissued a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Royal Bank Of Canada dropped their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. TD Cowen downgraded Flowserve from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $70.00 in a research report on Wednesday. Stifel Nicolaus set a $92.00 price target on Flowserve in a research note on Friday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.70.

Flowserve Trading Up 2.9%

The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The business has a fifty day moving average price of $75.65 and a 200 day moving average price of $76.95.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. Flowserve’s revenue for the quarter was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio is currently 32.59%.

Insider Buying and Selling

In related news, Director Brian D. Savoy acquired 1,000 shares of Flowserve stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $67,340. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Flowserve

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its stake in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC grew its holdings in Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after purchasing an additional 290,226 shares in the last quarter. Earnest Partners LLC grew its holdings in Flowserve by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after purchasing an additional 136,867 shares in the last quarter. Nuveen LLC increased its stake in Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after buying an additional 158,661 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock worth $190,468,000 after buying an additional 299,346 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Company Profile

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.