Flowserve Co. (NYSE:FLS) Stock Holdings Boosted by Yaupon Capital Management LP

Yaupon Capital Management LP raised its stake in Flowserve Co. (NYSE:FLS - Free Report) by 121.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,924 shares of the industrial products company's stock after purchasing an additional 58,083 shares during the quarter. Yaupon Capital Management LP owned about 0.08% of Flowserve worth $6,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FLS. Vanguard Group Inc. lifted its position in Flowserve by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,477,208 shares of the industrial products company's stock worth $775,209,000 after acquiring an additional 101,668 shares in the last quarter. FIL Ltd raised its stake in shares of Flowserve by 71.7% during the fourth quarter. FIL Ltd now owns 5,255,059 shares of the industrial products company's stock valued at $302,271,000 after purchasing an additional 2,193,904 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Flowserve by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,368,082 shares of the industrial products company's stock worth $136,213,000 after purchasing an additional 38,340 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Flowserve by 52.7% in the fourth quarter. Invesco Ltd. now owns 2,068,025 shares of the industrial products company's stock valued at $118,953,000 after purchasing an additional 714,063 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Flowserve by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,832,204 shares of the industrial products company's stock valued at $105,388,000 after purchasing an additional 167,379 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FLS. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Robert W. Baird upgraded Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 price target on the stock in a research note on Monday, March 17th. StockNews.com lowered Flowserve from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. TD Cowen upped their target price on Flowserve from $60.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Mizuho increased their target price on Flowserve from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $64.30.

Flowserve Stock Performance

NYSE FLS traded up $0.27 during trading hours on Friday, hitting $44.89. The company had a trading volume of 1,262,659 shares, compared to its average volume of 1,273,322. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.71. The firm has a market cap of $5.91 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. Flowserve Co. has a fifty-two week low of $37.34 and a fifty-two week high of $65.08. The business has a fifty day simple moving average of $47.86 and a 200-day simple moving average of $55.35.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.07). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.21 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. Equities analysts predict that Flowserve Co. will post 3.18 EPS for the current year.

Flowserve Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.87%. Flowserve's dividend payout ratio (DPR) is presently 39.25%.

Flowserve Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.