Flowserve Corp hits 20-day low amid industrial sector struggles
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 19 2024
0mins
Should l Buy FLS?
Flowserve Corp's stock has dropped significantly, hitting a 20-day low amid broader market challenges.
The industrial sector has been facing considerable pressure, with soaring oil prices and inflation concerns contributing to a downturn. This has led to a general malaise in the markets, affecting investor confidence and resulting in a decline for many industrial stocks, including Flowserve.
As the industrial sector continues to grapple with these economic pressures, investors may need to reassess their positions and consider the long-term implications of these market conditions.
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Analyst Views on FLS
Wall Street analysts forecast FLS stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 72.150
Low
74.00
Averages
80.75
High
85.00
Current: 72.150
Low
74.00
Averages
80.75
High
85.00
About FLS
Flowserve Corporation is a provider of fluid motion and control products and services. The Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. Its Flowserve Pumps Division segment designs, manufactures, pretests, distributes and services highly custom-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals and auxiliary systems (original equipment) and related services. Its products and services are used by companies that operate in the energy, power generation, chemical, and general industries. Its Flowserve Pumps Division segment designs, manufactures, and distributes a portfolio of engineered-to-order and configured-to-order isolation valves, control valves, valve automation products and related equipment. Its products are used to control, direct and manage the flow of liquids, gases and multiphase fluids. It also provides aftermarket products and services for industrial gas turbines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Inflation Concerns: Fears of inflation are adding to the challenges faced by the industrial sector.
- Market Sentiment: A general malaise in the markets is exacerbated by ongoing conflicts in the Middle East.
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- Industrial Stocks Performance: Industrial stocks, previously seen as a rising star, have recently struggled due to various economic pressures.
- Impact of Oil Prices: Soaring oil prices have contributed significantly to the downturn in industrial stocks.
- Inflation Concerns: Fears of inflation are adding to the challenges faced by the industrial sector.
- Market Sentiment: A general malaise in the markets, exacerbated by ongoing conflicts in the Middle East, is affecting investor confidence.
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- Industrial Stocks Performance: Industrial stocks, previously seen as a rising star, have recently struggled in the market.
- Impact of Oil Prices: Soaring oil prices have contributed significantly to the downturn in industrial stocks.
- Inflation Concerns: Fears of inflation are adding to the challenges faced by the industrial sector.
- Market Sentiment: A general malaise in the markets is exacerbated by ongoing conflicts in the Middle East.
See More
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- Industrial Stocks Performance: Industrial stocks, previously seen as a rising star, have recently struggled due to various economic pressures.
- Impact of Oil Prices: Soaring oil prices have contributed significantly to the downturn in industrial stocks.
- Inflation Concerns: Fears of inflation are adding to the challenges faced by the industrial sector.
- Market Sentiment: A general malaise in the markets, exacerbated by ongoing conflicts in the Middle East, is affecting investor confidence.
See More
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- New Board Member: Flowserve's Board of Directors has appointed Brian Savoy as a member effective March 16, 2026, also assigning him to the Audit Committee and Technology, Innovation, and Risk Committee, aiming to enhance the company's leadership in the power sector.
- Extensive Industry Experience: Currently serving as CFO and Executive Vice President at Duke Energy, Savoy brings significant experience in the power industry, particularly in nuclear energy, which will help Flowserve strengthen its competitive position in this rapidly growing market.
- Enhanced Strategic Focus: John Garrison, Chairman of Flowserve, noted that Savoy's expertise in financial and business transformation will further enhance the company's focus on the Flowserve Business System, accelerating growth in priority power and industrial markets.
- Strong Educational Background: Savoy holds a Bachelor of Business Administration degree in accounting from Lamar University and is a certified public accountant, providing a solid financial foundation for his role on the board, which is expected to drive advancements in financial management and strategic decision-making.
See More
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- Market Uncertainty: The outbreak of the Iran War has reintroduced uncertainty to the markets, with oil prices surpassing $90 per barrel, causing trader jitters, making it a prime time for value investors to seek buying opportunities amid high volatility.
- AI Infrastructure Investment: AI infrastructure companies reported strong fourth-quarter earnings and are expected to continue growing in 2026, with over $500 billion being spent on data center construction, enhancing their competitive edge in the AI sector.
- Everus Construction Group Update: Everus shares have fallen 9.1% in the last five days but remain up 178% year-to-date, trading at a forward P/E of 27, with earnings expected to rise 5.3% in 2026, presenting a potential buying opportunity for value investors.
- Sterling Infrastructure Outlook: Sterling's shares have pulled back 9.4% over the last five days but are up 225% year-to-date, with earnings projected to jump 25.8% in 2026 and a forward P/E of 29, indicating attractiveness for value investors to consider.
See More
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- Global Supply Chain Advantage: Methanex Corp., the world's largest methanol supplier, expects a sales growth rate of 9.8% for 2026, with an annual production capacity of 7.6 million tons, solidifying its dominance in North America, Asia-Pacific, and Europe, further strengthening its market share.
- Insurance Market Performance: Globe Life Inc. forecasts a sales growth rate of 5.9% for 2026, and as a company focused on individual life and supplemental health insurance, its diverse product offerings enable it to maintain stable cash flows in a competitive insurance market.
- Economic Resilience: Despite inflation and geopolitical risks, the resilience of the overall economy and corporate earnings provides confidence to investors, prompting a focus on sales growth over mere profit metrics when selecting stocks.
See More
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- Annual Meeting Announcement: FLSmidth will hold its Annual General Meeting on March 24, 2026, at 4 PM in Copenhagen, where the 2025 Annual Report and Board fees will be discussed, which is expected to positively impact corporate governance.
- Board Fees Proposal: The Board proposes to maintain the Board fees for 2025 at DKK 7.3 million, based on a base fee of DKK 475,000, which will help retain and attract board members, ensuring stability in leadership.
- Dividend Distribution Plan: The Board proposes a dividend of DKK 4.00 per share, totaling DKK 231 million, aimed at enhancing shareholder confidence and increasing the company's attractiveness in the market.
- Capital Structure Adjustment: The Board proposes to reduce the company's share capital from DKK 1.153 billion to DKK 115.3 million to improve capital flexibility and facilitate future share buybacks, which is expected to have a long-term positive impact on shareholder value.
See More
