Circor International Inc. (CIR) Trading Up 5.9%
Shares of Circor International Inc. (NYSE:CIR) were up 5.9% during mid-day trading on Friday . The stock traded as high as $59.43 and last traded at $59.08, with a volume of 152,857 shares trading hands. The stock had previously closed at $55.78.
Several analysts have recently issued reports on CIR shares. Stifel Nicolaus upgraded Circor International from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Monday, May 2nd. Zacks Investment Research upgraded Circor International from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, June 28th. Sidoti cut Circor International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Finally, SunTrust Banks Inc. cut Circor International from a “neutral” rating to a “reduce” rating and set a $36.00 price objective on the stock. in a research note on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $51.25.
The firm has a market cap of $970.15 million and a PE ratio of 206.57. The company’s 50-day moving average is $57.16 and its 200-day moving average is $46.65.
Circor International (NYSE:CIR) last released its earnings results on Friday, April 29th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.11. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm earned $150.80 million during the quarter, compared to analysts’ expectations of $139.22 million. The firm’s revenue was down 9.1% on a year-over-year basis. On average, equities research analysts expect 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. Shareholders of record on Thursday, May 26th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $0.15 annualized dividend and a yield of 0.25%.
In other Circor International news, Director Douglas M. Hayes sold 10,000 shares of Circor International stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $57.43, for a total value of $574,300.00. Following the completion of the sale, the director now directly owns 17,556 shares of the company’s stock, valued at approximately $1,008,241.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Circor International stock. Rhumbline Advisers increased its stake in shares of Circor International Inc. (NYSE:CIR) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,445 shares of the company’s stock after buying an additional 565 shares during the period. Rhumbline Advisers owned about 0.18% of Circor International worth $1,241,000 at the end of the most recent quarter.
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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