TechnipFMC (NYSE:FTI) Hits New 1-Year High - Here's Why

Key Points

• TechnipFMC plc recently reached a new 52-week high, trading at $39.03, with a last trading price of $38.64.
• Analysts have given the stock a consensus rating of "Moderate Buy" with price targets ranging from $32.00 to $51.00, reflecting optimism in its performance.
• The company announced a quarterly dividend of $0.05 per share, leading to an annualized yield of 0.5% and a payout ratio of 9.43%.

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.03 and last traded at $38.64, with a volume of 871257 shares. The stock had previously closed at $37.55.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore ISI upped their price target on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Citigroup reaffirmed a "buy" rating and set a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research report on Thursday, May 22nd. Barclays increased their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Susquehanna raised their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, TechnipFMC currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

TechnipFMC Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The stock's 50 day simple moving average is $35.49 and its two-hundred day simple moving average is $31.57. The firm has a market capitalization of $15.99 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm earned $0.43 EPS. The business's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

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

Insider Buying and Selling at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction that occurred 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 owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of TechnipFMC by 9.0% in the 1st quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company's stock valued at $571,583,000 after buying an additional 1,492,746 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TechnipFMC by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,141,701 shares of the oil and gas company's stock valued at $349,280,000 after buying an additional 189,637 shares during the period. AQR Capital Management LLC boosted its holdings in shares of TechnipFMC by 13.8% in the 2nd quarter. AQR Capital Management LLC now owns 9,938,410 shares of the oil and gas company's stock valued at $342,279,000 after buying an additional 1,202,713 shares during the period. Boston Partners boosted its holdings in shares of TechnipFMC by 267.5% in the 2nd quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company's stock valued at $333,041,000 after buying an additional 7,038,640 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of TechnipFMC by 18.0% in the 1st quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company's stock valued at $236,371,000 after buying an additional 1,136,554 shares during the period. Hedge funds and other institutional investors own 96.58% of the company's stock.

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.