Flir Systems Inc. (FLIR) Stock Price Up 2%
Flir Systems Inc. (NASDAQ:FLIR) rose 2% during trading on Wednesday . The stock traded as high as $31.31 and last traded at $31.24, with a volume of 548,809 shares changing hands. The stock had previously closed at $30.62.
FLIR has been the subject of several recent research reports. Drexel Hamilton restated a “buy” rating on shares of Flir Systems in a report on Tuesday, May 24th. Raymond James Financial Inc. lowered shares of Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target for the company. in a report on Monday, July 25th. Finally, Zacks Investment Research upgraded shares of Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $35.80.
The stock has a market cap of $4.29 billion and a PE ratio of 23.07. The stock has a 50-day moving average price of $31.78 and a 200 day moving average price of $31.45.
Flir Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $402.70 million for the quarter, compared to analysts’ expectations of $401.56 million. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. On average, analysts forecast that Flir Systems Inc. will post $1.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, August 17th.
In related news, Director Angus L. Macdonald sold 5,340 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $31.10, for a total value of $166,074.00. Following the completion of the sale, the director now owns 15,528 shares of the company’s stock, valued at $482,920.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors have recently made changes to their positions in FLIR. Airain ltd purchased a new stake in shares of Flir Systems during the fourth quarter worth about $2,495,000. Wells Fargo & Company MN raised its position in shares of Flir Systems by 17.4% in the fourth quarter. Wells Fargo & Company MN now owns 341,597 shares of the company’s stock valued at $9,589,000 after buying an additional 50,699 shares during the period. Finally, Stephens Investment Management Group LLC raised its position in shares of Flir Systems by 117.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 675,455 shares of the company’s stock valued at $18,960,000 after buying an additional 364,480 shares during the period.
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance, Instruments, OEM and Emerging Markets, Maritime, Security and Detection.
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