Flowserve (NYSE:FLS) Hits New 12-Month High – Time to Buy?

Flowserve Corporation (NYSE:FLS)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $91.49 and last traded at $90.2060, with a volume of 101806 shares. The stock had previously closed at $90.52.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Bank of America reissued a “neutral” rating and issued a $73.00 price target (up from $60.00) on shares of Flowserve in a research note on Friday, November 14th. Citigroup upped their price objective on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Flowserve in a research note on Monday, February 9th. Finally, Robert W. Baird set a $98.00 price objective on shares of Flowserve in a research note on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Stock Performance

The company has a 50-day moving average price of $77.91 and a two-hundred day moving average price of $66.13. The company has a market capitalization of $11.59 billion, a PE ratio of 34.78, a PEG ratio of 1.95 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68.

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

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.22 dividend. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. Flowserve’s dividend payout ratio (DPR) is 32.06%.

Institutional Investors Weigh In On Flowserve

A number of hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. purchased a new stake in shares of Flowserve during the 2nd quarter valued at approximately $26,000. Atlas Capital Advisors Inc. acquired a new position in Flowserve during the fourth quarter worth approximately $36,000. BOKF NA acquired a new stake in shares of Flowserve during the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Flowserve in the third quarter worth approximately $36,000. Finally, Hantz Financial Services Inc. lifted its position in Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after buying an additional 418 shares in the last quarter. Hedge funds and other institutional investors 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.