Hudson Bay Capital Management LP Sells 85,330 Shares of Flowserve Corporation $FLS

Hudson Bay Capital Management LP decreased its holdings in Flowserve Corporation (NYSE:FLS) by 38.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 139,304 shares of the industrial products company’s stock after selling 85,330 shares during the period. Hudson Bay Capital Management LP’s holdings in Flowserve were worth $7,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Boston Partners acquired a new position in shares of Flowserve during the 2nd quarter worth approximately $223,561,000. Massachusetts Financial Services Co. MA raised its position in shares of Flowserve by 104.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after buying an additional 2,213,406 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Flowserve by 625.5% in the third quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after buying an additional 1,995,221 shares in the last quarter. Norges Bank bought a new stake in shares of Flowserve in the second quarter valued at approximately $88,247,000. Finally, UBS Group AG boosted its stake in shares of Flowserve by 67.8% in the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 shares during the period. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup raised their price objective on Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Weiss Ratings downgraded Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. TD Cowen reissued a “buy” rating on shares of Flowserve in a report on Thursday, February 19th. Wall Street Zen cut Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 15th. Finally, Mizuho boosted their price target on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Flowserve presently has a consensus rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Trading Down 3.3%

Shares of FLS opened at $71.45 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. Flowserve Corporation has a 52-week low of $37.34 and a 52-week high of $92.41. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.64 and a beta of 1.27. The business’s fifty day moving average is $81.02 and its 200-day moving average is $69.24.

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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.Flowserve’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts anticipate that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 27th. Flowserve’s dividend payout ratio (DPR) is currently 32.06%.

Flowserve Profile

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.