Circor International Inc. (CIR) Hits New 1-Year High at $62.87
Circor International Inc. (NYSE:CIR)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $62.87 and last traded at $62.49, with a volume of 26,929 shares trading hands. The stock had previously closed at $61.32.
CIR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Circor International from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, June 28th. Stifel Nicolaus decreased their price objective on shares of Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, Sidoti lowered shares of Circor International from a “buy” rating to a “neutral” rating in a report on Tuesday, May 3rd. 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 stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.50.
The firm has a market cap of $995.07 million and a PE ratio of 149.60. The firm has a 50 day moving average of $59.29 and a 200 day moving average of $51.83.
Circor International (NYSE:CIR) last issued its earnings results on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The business earned $146.40 million during the quarter, compared to analyst estimates of $144.01 million. Circor International’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts predict that Circor International Inc. will post $2.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.25%.
In other news, Director Douglas M. Hayes sold 3,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $61.17, for a total value of $183,510.00. Following the transaction, the director now owns 14,556 shares in the company, valued at approximately $890,390.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in Circor International stock. Rhumbline Advisers raised its position in shares of Circor International Inc. (NYSE:CIR) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,445 shares of the company’s stock after buying an additional 565 shares during the period. Rhumbline Advisers owned approximately 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.