Circor International Inc. (CIR) Sees Strong Trading Volume
Shares of Circor International Inc. (NYSE:CIR) saw unusually-high trading volume on Thursday . Approximately 151,770 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 90,989 shares.The stock last traded at $55.78 and had previously closed at $55.14.
CIR has been the topic of a number of research analyst reports. SunTrust Banks Inc. cut Circor International from a “neutral” rating to a “reduce” rating and set a $36.00 target price on the stock. in a research note on Thursday, April 14th. Stifel Nicolaus raised Circor International from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, May 2nd. Sidoti cut Circor International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Finally, Zacks Investment Research raised Circor International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.25.
The company has a market cap of $970.15 million and a PE ratio of 206.57. The stock’s 50-day moving average price is $57.16 and its 200 day moving average price is $46.65.
Circor International (NYSE:CIR) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $150.80 million for the quarter, compared to the consensus estimate of $139.22 million. The company’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Equities analysts anticipate that Circor International Inc. will post $2.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 26th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Tuesday, May 24th.
In related news, Director Douglas M. Hayes sold 10,000 shares of Circor International stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $57.43, for a total transaction of $574,300.00. Following the transaction, the director now owns 17,556 shares in the company, valued at approximately $1,008,241.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A hedge fund recently raised its stake in Circor International stock. California State Teachers Retirement System boosted its position in shares of Circor International Inc. (NYSE:CIR) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 31,819 shares of the company’s stock after buying an additional 500 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Circor International worth $1,341,000 as of its most recent filing with the SEC.
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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