Flowserve Corp Director Roger L. Fix Unloads 2,232 Shares (FLS)
Flowserve Corp (NYSE:FLS) Director Roger L. Fix unloaded 2,232 shares of the company’s stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $72.02, for a total value of $160,748.64. Following the completion of the transaction, the director now directly owns 1,692 shares in the company, valued at approximately $121,858. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on FLS. Analysts at Maxim Group upgraded shares of Flowserve Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $92.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Flowserve Corp in a research note on Friday, June 27th. They set a “sell” rating and a $78.00 price target on the stock. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.64.
Shares of Flowserve Corp (NYSE:FLS) traded up 0.33% during mid-day trading on Monday, hitting $73.20. 440,757 shares of the company’s stock traded hands. Flowserve Corp has a one year low of $55.64 and a one year high of $82.24. The stock’s 50-day moving average is $74.08 and its 200-day moving average is $75.65. The company has a market cap of $10.014 billion and a price-to-earnings ratio of 20.40.
Flowserve Corp (NYSE:FLS) last announced its earnings results on Wednesday, July 23rd. The company reported $0.93 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.93. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that Flowserve Corp will post $3.89 EPS for the current fiscal year.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufacture precision-engineered flows control equipment integral to the movement, control and protection of the flow of materials in its customers’ critical processes.
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