Circor International Inc. (CIR) Sees Unusually-High Trading Volume
Shares of Circor International Inc. (NYSE:CIR) saw strong trading volume on Thursday . 151,770 shares changed hands 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.
Several equities analysts have commented on the company. Stifel Nicolaus upgraded Circor International from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Monday, May 2nd. Zacks Investment Research upgraded Circor International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Sidoti downgraded Circor International from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 3rd. Finally, SunTrust Banks Inc. downgraded Circor International from a “neutral” rating to a “reduce” rating and set a $36.00 target price for the company. in a research report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Circor International presently has a consensus rating of “Hold” and a consensus price target of $51.25.
The company has a market capitalization of $915.96 million and a P/E ratio of 195.03. The stock has a 50-day moving average price of $56.99 and a 200 day moving average price of $46.51.
Circor International (NYSE:CIR) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.11. The company earned $150.80 million during the quarter, compared to analysts’ expectations of $139.22 million. During the same quarter last year, the firm posted $0.60 earnings per share. Circor International’s revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts predict that Circor International Inc. will post $2.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 26th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.27%. The ex-dividend date was Tuesday, May 24th.
In related news, Director Douglas M. Hayes sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $57.43, for a total transaction of $574,300.00. Following the completion of the transaction, the director now directly owns 17,556 shares in the company, valued at $1,008,241.08. The transaction was disclosed in a document filed with the SEC, which is available through this link.
A hedge fund recently raised its stake in Circor International stock. Rhumbline Advisers boosted its position in Circor International Inc. (NYSE:CIR) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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).
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