Hudson Bay Capital Management LP Has $7.40 Million Holdings in Flowserve Corporation $FLS

Hudson Bay Capital Management LP cut its position in Flowserve Corporation (NYSE:FLS) by 38.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,304 shares of the industrial products company’s stock after selling 85,330 shares during the quarter. Hudson Bay Capital Management LP owned about 0.11% of Flowserve worth $7,403,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FLS. Boston Partners acquired a new stake in Flowserve in the second quarter valued at $223,561,000. Massachusetts Financial Services Co. MA increased its stake in shares of Flowserve by 104.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after purchasing an additional 2,213,406 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Flowserve by 625.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after purchasing an additional 1,995,221 shares during the period. Norges Bank bought a new stake in shares of Flowserve in the 2nd quarter valued at about $88,247,000. Finally, UBS Group AG lifted its stake in Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after purchasing an additional 1,676,284 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLS has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 price target on shares of Flowserve in a report on Monday, February 9th. Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 15th. Stifel Nicolaus raised their price objective on Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Citigroup lifted their target price on Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, TD Cowen reissued a “buy” rating on shares of Flowserve in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Trading Down 3.3%

Shares of NYSE:FLS opened at $71.45 on Friday. Flowserve Corporation has a 12-month low of $37.34 and a 12-month high of $92.41. The business has a 50 day moving average of $81.02 and a 200-day moving average of $69.24. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The stock has a market cap of $9.09 billion, a PE ratio of 27.27, a P/E/G ratio of 1.64 and a beta of 1.27.

Flowserve (NYSE:FLS) last announced its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities research analysts forecast that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio (DPR) is 32.06%.

Flowserve Company Profile

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.