Traders Sell Flir Systems Inc. (FLIR) on Strength (FLIR)
Investors sold shares of Flir Systems Inc. (NASDAQ:FLIR) on strength during trading on Wednesday. $4.24 million flowed into the stock on the tick-up and $24.72 million flowed out of the stock on the tick-down, for a money net flow of $20.48 million out of the stock. Of all stocks tracked, Flir Systems had the 0th highest net out-flow for the day. Flir Systems traded up $0.21 for the day and closed at $30.64
A number of brokerages recently issued reports on FLIR. Drexel Hamilton reiterated a “buy” rating on shares of Flir Systems in a report on Wednesday, April 27th. Zacks Investment Research cut Flir Systems from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Finally, Raymond James Financial Inc. cut Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 target price on the stock. in a report on Monday, July 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Flir Systems currently has an average rating of “Buy” and a consensus target price of $35.80.
The firm’s 50-day moving average is $31.82 and its 200 day moving average is $31.38. The company has a market cap of $4.21 billion and a price-to-earnings ratio of 22.61.
Flir Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. During the same period in the prior year, the firm earned $0.36 EPS. The business earned $402.70 million during the quarter, compared to analysts’ expectations of $401.56 million. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Flir Systems Inc. will post $1.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.57%.
In related news, Director Angus L. Macdonald sold 5,340 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $31.10, for a total transaction of $166,074.00. Following the completion of the transaction, the director now owns 15,528 shares in the company, valued at $482,920.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Several institutional investors have made changes to their positions in the stock. Stephens Investment Management Group LLC increased 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 worth $18,960,000 after buying an additional 364,480 shares in the last quarter. Wells Fargo & Company MN increased 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 worth $9,589,000 after buying an additional 50,699 shares in the last quarter. Airain ltd acquired a new position in shares of Flir Systems during the fourth quarter worth approximately $2,495,000. Finally, Andra AP fonden increased its position in shares of Flir Systems by 18.6% in the fourth quarter. Andra AP fonden now owns 72,100 shares of the company’s stock worth $2,024,000 after buying an additional 11,300 shares in the last quarter.
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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