Flowserve (NYSE:FLS) Reaches New 12-Month High – Still a Buy?

Flowserve Corporation (NYSE:FLS) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $90.97 and last traded at $91.2720, with a volume of 62398 shares traded. The stock had previously closed at $89.76.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Tuesday, November 4th. Robert W. Baird set a $98.00 price target on shares of Flowserve in a research note on Monday, February 9th. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Bank of America reaffirmed a “neutral” rating and issued a $73.00 target price (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Finally, UBS Group raised their price target on Flowserve from $65.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Price Performance

The company has a fifty day moving average price of $76.23 and a two-hundred day moving average price of $64.87. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 1.99 and a beta of 1.29. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities research analysts anticipate that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.22 per share. This is a boost from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 27th. Flowserve’s dividend payout ratio is presently 33.59%.

Institutional Investors Weigh In On Flowserve

A number of hedge funds and other institutional investors have recently modified their holdings of FLS. First Horizon Advisors Inc. acquired a new stake in Flowserve in the 2nd quarter worth about $26,000. Atlas Capital Advisors Inc. bought a new position in Flowserve in the 4th quarter valued at approximately $36,000. BOKF NA acquired a new stake in Flowserve in the third quarter valued at approximately $28,000. IFP Advisors Inc increased its holdings in shares of Flowserve by 1,289.6% during the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after buying an additional 619 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Flowserve in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Flowserve

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.