Shares of the company are trading at $46.82 impressively higher than the 50 day moving average which is $41.81 and which is well above the 200 day moving average of $38.27. The 50 day moving average moved up $5.01 and the 200 day average went up $8.55 or +22.34%. (NASDAQ:FLIR) shares saw heavy trading volume with 1,297K shares changing hands by the end of trading on Tuesday. Volume was up 5.79% over the stocks average daily volume.
Short traders are feeling a little more bearish on the company recently at least if you consider the rise in short interest. The stock realized a rise in short interest between September 29, 2017 and October 13, 2017 of 2.25%. Short interest increased from 2,459,826 to 2,515,062 over that timeframe. With short interest at 2,515,062 and short average daily volume at 1,074,898, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.02% on October 13.
FLIR Systems, Inc. (NASDAQ:FLIR) has been the object of insider selling activity recently. VP, Corporate Controller & PAO Brian E. Harding disclosed the sale of 1,836 shares. The shares were purchased at an average price of $46.90. Harding now owns $311,697 of the stock according to the SEC filing. Todd M. Duchene, Sr VP, General Counsel and Sec sold $423,000 worth of shares at an average price of $47.00 on Mon the 30th. That brings Duchene’s holdings to $1,399,049 as recorded in a recent Form 4 SEC filing.
These firms have modified their investment in FLIR. As of quarter end Aperio Group, LLC had acquired a total of 1,408 shares growing its stake by 3.7%. The value of the investment in (FLIR) increased from $1,337,000 to $1,555,000 a change of $218,000 quarter over quarter. Texan Capital Management cut its holdings by shedding 1,060 shares a decrease of 1.9%. Texan Capital Management now holds 55,480 shares worth $2,159,000. The total value of its holdings increased 10.2%.
As of the end of the quarter Simplex Trading, LLC had sold 10,223 shares trimming its position 88.8%. The value in dollars went from $398,000 to $49,000 a change of 87.7% for the reporting period. Orca Investment Management, LLC divested its position by selling 162 shares a decrease of 0.2% from 06/30/2017 to 09/30/2017. Orca Investment Management, LLC owns 70,770 shares valued at $2,754,000. The value of the position overall is up by 12.0%.
The company is up from yesterday’s close of $46.82. Additionally the company recently declared a dividend payable on Friday the 8th of December 2017. The dividend will be $0.150 per share for the quarter which is $0.60 annualized. The dividend yield will be $1.27. The ex-dividend date has been established as Wednesday the 23rd of August 2017.
The P/E ratio is currently 30.19 and market capitalization is 6.42B. In the last earnings report the EPS was $1.55 and is estimated to be $1.86 for the current year with 137,195,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.42 and the next full year EPS is anticipated to be $2.09.
FLIR Systems, Inc. (FLIR), launched on March 8, 1978, designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Business’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection. Its Surveillance segment provides enhanced imaging and recognition solutions under its commercially developed, military qualified (CDMQ) model to a range of military, law enforcement, public safety and other government customers. Its Instruments segment provides devices that image, measure and assess thermal energy, gases and other environmental elements for industrial, commercial, and scientific applications under the FLIR and Extech brands. Its Security segment develops and manufactures a range of cameras and video recording systems for use in commercial, critical infrastructure, and home monitoring applications. Its OEM & Emerging Markets segment provides thermal imaging camera cores and components that are utilized by third parties to create thermal and other types of imaging systems. Its Maritime segment develops and manufactures electronics and imaging instruments for the recreational and commercial maritime market under the FLIR and Raymarine brands. The Detection segment offers sensors, instruments and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear and explosives (CBRNE) threats..