TechnipFMC plc $FTI Shares Bought by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. significantly increased its holdings in TechnipFMC plc by 134.5% during the first quarter, acquiring an additional 10,178 shares valued at approximately $562,000.
• TechnipFMC reported a quarterly EPS of $0.68, beating estimates, with revenue of $2.53 billion, reflecting a 9% year-over-year increase.
• The company declared a quarterly dividend of $0.05 per share, translating to an annualized dividend of $0.20, representing a 0.5% dividend yield.

Maverick Capital Ltd. increased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 134.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,746 shares of the oil and gas company's stock after purchasing an additional 10,178 shares during the period. Maverick Capital Ltd.'s holdings in TechnipFMC were worth $562,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FTI. Financial Network Wealth Advisors LLC raised its position in TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after purchasing an additional 346 shares during the period. Diversify Advisory Services LLC raised its position in TechnipFMC by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock worth $238,000 after purchasing an additional 362 shares during the period. Acuitas Investments LLC raised its position in TechnipFMC by 13.4% in the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after purchasing an additional 400 shares during the period. KBC Group NV raised its position in TechnipFMC by 2.4% in the 1st quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock worth $575,000 after purchasing an additional 429 shares during the period. Finally, GAMMA Investing LLC raised its position in TechnipFMC by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after purchasing an additional 614 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. BTIG Research lowered shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Sanford C. Bernstein lowered shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research report on Thursday, May 22nd. Finally, Citigroup reaffirmed a "buy" rating and set a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.92.

Insider Buying and Selling at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the sale, the director directly owned 62,978 shares of the company's stock, valued at $2,337,743.36. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

TechnipFMC Stock Down 1.9%

Shares of NYSE FTI traded down $0.75 during midday trading on Friday, reaching $38.90. 9,196,298 shares of the company's stock traded hands, compared to its average volume of 3,503,685. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock's 50 day simple moving average is $35.49 and its 200-day simple moving average is $31.58. TechnipFMC plc has a one year low of $22.11 and a one year high of $39.85. The company has a market cap of $15.99 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.24 and a beta of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm earned $0.43 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. On average, analysts predict that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. TechnipFMC's payout ratio is 9.43%.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.