Flowserve (NYSE:FLS) Shares Break Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Flowserve shares broke above their 200-day moving average, reaching $80.35 and last trading near $79.53, compared with the $76.40 average.
• Third-quarter EPS rose to $1.07, beating the $0.98 consensus and marking the company’s fifth consecutive earnings beat. Revenue increased 5.4% year over year to approximately $1.24 billion, in line with expectations.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $85.40; Flowserve also revised its full-year 2026 earnings guidance following the quarterly results.

Flowserve Corporation (NYSE:FLS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $76.40 and traded as high as $80.35. Flowserve shares last traded at $79.5340, with a volume of 3,722,034 shares trading hands.

Key Stories Impacting Flowserve

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: EPS beat estimates: Flowserve reported third-quarter earnings of $1.07 per share, exceeding the $0.98 analyst consensus and rising from $0.90 a year earlier. This represents the company’s fifth consecutive earnings beat. Flowserve Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Revenue increased year over year: Quarterly sales reached approximately $1.24 billion, up 5.4% from the prior-year period, while margin gains helped drive the stronger bottom-line performance. Flowserve Q3 2026: Fifth Straight Beat Fueled by Margin Gains
• Neutral Sentiment: Sales were essentially in line: Revenue matched Wall Street expectations, meaning the stock’s favorable reaction is driven primarily by earnings execution and profitability rather than a top-line surprise. Flowserve Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
• Neutral Sentiment: Full-year guidance was revised: Flowserve updated its 2026 earnings outlook following the quarterly results. The direction and size of the revision will be important for determining whether the earnings momentum can continue. Flowserve Revises Full-Year 2026 Earnings Guidance

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FLS. Stifel Nicolaus raised their target price on Flowserve from $92.00 to $94.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Royal Bank Of Canada lowered their price target on shares of Flowserve from $94.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 14th. Robert W. Baird set a $93.00 price objective on shares of Flowserve in a report on Friday, July 31st. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 21st. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.40.

Flowserve Stock Performance

The firm has a 50 day simple moving average of $74.28 and a 200-day simple moving average of $76.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 1.60 and a beta of 1.23.

Flowserve (NYSE:FLS - Get Free Report) last posted its earnings results on Wednesday, October 28th. The industrial products company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.09. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. Flowserve had a return on equity of 22.37% and a net margin of 5.42%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, analysts predict that Flowserve Corporation will post 4.10 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve's dividend payout ratio is presently 44.22%.

Institutional Inflows and Outflows

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

About Flowserve

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.

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