Flowserve Slides as Analyst Downgrade Revives Guidance Concerns

Flowserve Corporation (FLS) is down 8.5% today. Here is some analysis on what might have caused this price movement. ([za.investing.com](https://za.investing.com/news/stock-market-news/flowserve-stock-falls-after-td-cowen-downgrade-to-hold-93CH-4341962))

Analysis: The sharp drop appears most closely tied to TD Cowen downgrading Flowserve to Hold from Buy and cutting its price target to $70 from $85, with the firm warning that the company may need to lower its outlook heading into upcoming results. That caution likely hit a stock that had recently rallied on power, nuclear, and infrastructure optimism, especially since Flowserve’s latest quarter already showed softer sales and bookings even though management reaffirmed its 2026 EPS outlook. ([za.investing.com](https://za.investing.com/news/stock-market-news/flowserve-stock-falls-after-td-cowen-downgrade-to-hold-93CH-4341962))

Details:

TD Cowen lowered its rating on June 24, 2026 and said the near-term setup into results looks difficult, with expectations that guidance may need to be reset. ([za.investing.com](https://za.investing.com/news/stock-market-news/flowserve-stock-falls-after-td-cowen-downgrade-to-hold-93CH-4341962))

Flowserve’s first-quarter 2026 sales fell 6.7% year over year to about $1.07 billion, while total bookings declined 6.4% and organic sales were down 10.5%. ([stocktitan.net](https://www.stocktitan.net/sec-filings/FLS/8-k-flowserve-corp-reports-material-event-b6dcfe8ca984.html))

The company also disclosed a headwind tied to the ongoing Middle East conflict in its first-quarter results, alongside pressure on customer activity and execution in a volatile environment. ([stocktitan.net](https://www.stocktitan.net/sec-filings/FLS/8-k-flowserve-corp-reports-material-event-b6dcfe8ca984.html))

Even so, Flowserve reaffirmed on May 28 that it still expects 2026 adjusted operating margin expansion and double-digit adjusted EPS growth, which suggests today’s move reflects investor concern that those targets could become harder to defend. ([stocktitan.net](https://www.stocktitan.net/sec-filings/FLS/8-k-flowserve-corp-reports-material-event-5d3b427bc463.html))

Sources:

Flowserve, Investing.com, StockTitan

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FLS Insider Trading Activity

$FLS insiders have traded $FLS stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FLS stock by insiders over the last 6 months:

MICHAEL C. MCMURRAY has made 1 purchase buying 2,500 shares for an estimated $164,274 and 1 sale selling 7,663 shares for an estimated $689,363.
KENNETH I SIEGEL sold 3,229 shares for an estimated $288,995

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FLS Hedge Fund Activity

We have seen 336 institutional investors add shares of $FLS stock to their portfolio, and 288 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D1 CAPITAL PARTNERS L.P. removed 1,783,161 shares (-23.3%) from their portfolio in Q1 2026, for an estimated $131,080,165
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 1,706,200 shares (+170.6%) to their portfolio in Q1 2026, for an estimated $125,422,762
BLACKROCK, INC. added 1,497,334 shares (+12.8%) to their portfolio in Q1 2026, for an estimated $110,069,022
UBS GROUP AG added 1,204,431 shares (+33.5%) to their portfolio in Q1 2026, for an estimated $88,537,722
DURABLE CAPITAL PARTNERS LP added 951,798 shares (+inf%) to their portfolio in Q1 2026, for an estimated $69,966,670
CAPITAL WORLD INVESTORS added 942,871 shares (+inf%) to their portfolio in Q1 2026, for an estimated $69,310,447
SCHONFELD STRATEGIC ADVISORS LLC removed 723,024 shares (-93.5%) from their portfolio in Q1 2026, for an estimated $53,149,494

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FLS Government Contracts

We have seen $2,055,363 of award payments to $FLS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

8511623983!ACTUATOR,ELECTRO-ME: $433,500
8511682709!ACTUATOR,ELECTRO-ME: $181,645

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FLS Analyst Ratings

Wall Street analysts have issued reports on $FLS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/12/2026

To track analyst ratings and price targets for $FLS, check out Quiver Quantitative's $FLS forecast page.

$FLS Price Targets

Multiple analysts have issued price targets for $FLS recently. We have seen 6 analysts offer price targets for $FLS in the last 6 months, with a median target of $91.0.

Here are some recent targets:

Joseph Giordano from TD Cowen set a target price of $70.0 on 06/24/2026
Deane Dray from RBC Capital set a target price of $91.0 on 05/01/2026
Nathan Jones from Stifel set a target price of $102.0 on 04/14/2026
Andrew Kaplowitz from Citigroup set a target price of $97.0 on 04/13/2026
Stephen Volkmann from Jefferies set a target price of $90.0 on 03/31/2026
Brett Linzey from Mizuho set a target price of $91.0 on 02/09/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.