Thrivent Financial for Lutherans Has $134.58 Million Stake in Flowserve Co. (NYSE:FLS)

Thrivent Financial for Lutherans lifted its position in shares of Flowserve Co. (NYSE:FLS) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,603,528 shares of the industrial products company’s stock after buying an additional 44,039 shares during the period. Thrivent Financial for Lutherans’ holdings in Flowserve were worth $134,577,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Flowserve in the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Flowserve during the 3rd quarter worth approximately $29,000. Signaturefd LLC raised its holdings in shares of Flowserve by 185.9% in the second quarter. Signaturefd LLC now owns 569 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 370 shares during the last quarter. Allworth Financial LP lifted its position in shares of Flowserve by 159.9% in the third quarter. Allworth Financial LP now owns 655 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 403 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Flowserve during the second quarter worth $34,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Stock Up 0.1 %

FLS stock opened at $59.23 on Friday. Flowserve Co. has a 1-year low of $37.24 and a 1-year high of $61.60. The business’s 50 day simple moving average is $52.97 and its 200 day simple moving average is $49.93. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $7.78 billion, a PE ratio of 29.32, a PEG ratio of 1.42 and a beta of 1.38.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Monday, October 28th. The industrial products company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Flowserve had a net margin of 5.90% and a return on equity of 17.10%. Flowserve’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, research analysts anticipate that Flowserve Co. will post 2.72 EPS for the current year.

Wall Street Analyst Weigh In

FLS has been the topic of several recent research reports. Robert W. Baird lifted their price target on shares of Flowserve from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. TD Cowen lifted their target price on Flowserve from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com cut Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Bank of America raised their price target on Flowserve from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price objective on Flowserve from $46.00 to $52.00 and gave the stock a “sell” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.10.

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.