Flowserve (NYSE:FLS) Share Price Breaks Below 50 Day Moving Average - Here's Why

Key Points

• Flowserve shares fell below their 50-day moving average of $76.36, reaching as low as $69.45 before trading around $71.47.
• Analyst sentiment remains generally positive but mixed: TD Cowen downgraded the stock to Hold with a $70 target, while the consensus rating is “Moderate Buy” with an average price target of $86.60.
• Flowserve exceeded quarterly earnings expectations with $0.95 EPS versus $0.86 estimated, although revenue declined 1.6% year over year; the company also maintains a $0.22 quarterly dividend and expects fiscal 2026 EPS of $4.05–$4.20.

Flowserve Corporation (NYSE:FLS - Get Free Report)'s stock price crossed 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 traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FLS. TD Cowen cut shares of Flowserve from a "buy" rating to a "hold" rating and lowered their target price for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada increased their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research note on Thursday, July 30th. Robert W. Baird set a $93.00 price target on shares of Flowserve in a research note on Friday, July 31st. Finally, Stifel Nicolaus lifted their price objective on Flowserve from $92.00 to $94.00 and gave the company a "buy" rating in a report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.60.

Flowserve Stock Up 1.2%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 1.57 and a beta of 1.23. The firm's 50-day simple moving average is $76.36 and its two-hundred day simple moving average is $75.31.

Flowserve (NYSE:FLS - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $0.91 earnings per share. Flowserve's quarterly revenue was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, sell-side analysts expect that Flowserve Corporation will post 4.10 EPS for the current fiscal year.

Flowserve Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Flowserve in the second quarter worth about $999,631,000. PointState Capital LP bought a new position in shares of Flowserve during the 2nd quarter valued at about $196,837,000. Bank of New York Mellon Corp lifted its holdings in shares of Flowserve by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company's stock valued at $180,024,000 after purchasing an additional 118,254 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Flowserve during the 2nd quarter valued at about $144,400,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Flowserve in the 2nd quarter valued at approximately $84,869,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Company Profile

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.

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