Flowserve (NYSE:FLS) Shares Cross Below 50 Day Moving Average – What’s Next?

Flowserve Corporation (NYSE:FLS)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $76.36 and traded as low as $69.45. Flowserve shares last traded at $71.4730, with a volume of 1,742,252 shares.

Analyst Upgrades and Downgrades

FLS has been the topic of several recent analyst reports. Robert W. Baird set a $93.00 target price on Flowserve in a report on Friday, July 31st. Royal Bank Of Canada lowered their price target on Flowserve from $94.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday. Mizuho lowered their price target on Flowserve from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and dropped their price target for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, Weiss Ratings lowered Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.40.

Flowserve Price Performance

The company has a market cap of $9.01 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.56 and a beta of 1.23. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $76.04 and its two-hundred day moving average price is $75.28.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities research analysts forecast that Flowserve Corporation will post 4.10 EPS for the current fiscal year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, September 25th. Flowserve’s dividend payout ratio is currently 30.88%.

Institutional Investors Weigh In On Flowserve

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Comprehensive Money Management Services LLC raised its position in shares of Flowserve by 1.5% in the first quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock valued at $625,000 after buying an additional 125 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Flowserve by 4.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,225 shares of the industrial products company’s stock valued at $225,000 after buying an additional 142 shares during the period. BTC Capital Management Inc. grew its position in Flowserve by 2.5% during the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock worth $480,000 after buying an additional 162 shares in the last quarter. Marathon Mission Inc. grew its position in Flowserve by 1.7% during the third quarter. Marathon Mission Inc. now owns 9,864 shares of the industrial products company’s stock worth $721,000 after buying an additional 165 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC grew its position in Flowserve by 5.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 3,531 shares of the industrial products company’s stock worth $258,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Flowserve

Flowserve Corporation is a global manufacturer of engineered flow-control products and services. The company designs and produces pumps, valves, mechanical seals, and related equipment used to move, control, and protect the flow of liquids and gases in industrial systems.

Its products and services support a range of industries, including oil and gas, chemical processing, power generation, water management, mining, and general industrial markets. Flowserve also provides aftermarket services such as maintenance, repair, replacement parts, equipment upgrades, and technical support to help customers maintain the performance and reliability of their flow-control systems.

Flowserve traces its corporate heritage to businesses with roots dating back to the late 18th century and has developed into an international company serving customers across North America, Europe, Asia, the Middle East, and other global markets.