Shares of Flir Systems Inc. (NASDAQ:FLIR) have received a consensus recommendation of “Buy” from the eight analysts that are currently covering the company. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $36.50.
A number of equities research analysts have recently issued reports on FLIR shares. Raymond James Financial Inc. cut Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective for the company. in a report on Monday, July 25th. Zacks Investment Research upgraded Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Finally, Imperial Capital restated an “outperform” rating and set a $40.00 price objective on shares of Flir Systems in a report on Friday, September 9th.
In other Flir Systems news, VP Jeffrey Frank sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $30.73, for a total transaction of $307,300.00. Following the completion of the transaction, the vice president now directly owns 21,769 shares in the company, valued at $668,961.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kentucky Retirement Systems purchased a new position in shares of Flir Systems during the second quarter valued at approximately $362,000. Mason Street Advisors LLC purchased a new position in shares of Flir Systems during the second quarter valued at approximately $574,000. CI Global Investments Inc. increased its position in shares of Flir Systems by 164.4% in the second quarter. CI Global Investments Inc. now owns 40,450 shares of the company’s stock valued at $1,252,000 after buying an additional 25,150 shares in the last quarter. Calvert Investment Management Inc. increased its position in shares of Flir Systems by 5,648.5% in the second quarter. Calvert Investment Management Inc. now owns 371,181 shares of the company’s stock valued at $11,488,000 after buying an additional 364,724 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Flir Systems by 4.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 524,661 shares of the company’s stock valued at $16,239,000 after buying an additional 21,829 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
Flir Systems (NASDAQ:FLIR) opened at 31.55 on Wednesday. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 23.28 and a beta of 0.51. Flir Systems has a 12 month low of $25.12 and a 12 month high of $34.09. The firm has a 50-day moving average price of $31.05 and a 200-day moving average price of $31.51.
Flir Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The firm had revenue of $402.70 million for the quarter, compared to the consensus estimate of $401.56 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Flir Systems will post $1.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.48 annualized dividend and a yield of 1.52%. Flir Systems’s dividend payout ratio is currently 35.04%.
Flir Systems Company Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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