Circor International Inc. (CIR) Now Covered by KeyCorp
Research analysts at KeyCorp assumed coverage on shares of Circor International Inc. (NYSE:CIR) in a report issued on Tuesday. The firm set a “sector weight” rating on the stock.
Several other brokerages have also recently weighed in on CIR. Zacks Investment Research cut shares of Circor International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Stifel Nicolaus dropped their price objective on shares of Circor International from $68.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $49.50.
Circor International (NYSE:CIR) opened at 58.08 on Tuesday. Circor International has a 12 month low of $32.79 and a 12 month high of $62.87. The stock’s 50 day moving average is $58.60 and its 200-day moving average is $54.53. The firm has a market capitalization of $953.85 million, a price-to-earnings ratio of 143.41 and a beta of 1.45.
Circor International (NYSE:CIR) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The business earned $146.40 million during the quarter, compared to analysts’ expectations of $144.01 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue was down 12.3% on a year-over-year basis. Equities analysts anticipate that Circor International will post $2.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, August 10th. Circor International’s dividend payout ratio is currently 37.50%.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $890,390.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. PineBridge Investments L.P. raised its stake in shares of Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock valued at $308,000 after buying an additional 2,767 shares during the period. Arizona State Retirement System raised its stake in shares of Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock valued at $487,000 after buying an additional 200 shares during the period. Nisa Investment Advisors L.L.C. raised its stake in shares of Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock valued at $770,000 after buying an additional 2,100 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock valued at $1,100,000 after buying an additional 400 shares during the period.
About Circor International
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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