Circor International Inc. (CIR) Shares Up 5.9%
Shares of Circor International Inc. (NYSE:CIR) shot up 5.9% during 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 research firms have recently commented on CIR. Zacks Investment Research cut Circor International from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Stifel Nicolaus raised Circor International from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, May 2nd. Sidoti downgraded Circor International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Finally, SunTrust Banks Inc. downgraded Circor International from a “neutral” rating to a “reduce” rating and set a $36.00 price objective for the company. in a research note on Thursday, April 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.25.
The firm’s 50-day moving average is $57.16 and its 200-day moving average is $46.65. The stock has a market capitalization of $970.15 million and a PE ratio of 206.57.
Circor International (NYSE:CIR) last announced its quarterly earnings data 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 firm earned $150.80 million during the quarter, compared to the consensus estimate of $139.22 million. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, analysts predict that Circor International Inc. will post $2.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Thursday, May 26th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Tuesday, May 24th.
In other news, Director Douglas M. Hayes sold 10,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,008,241.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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 Securities and Exchange Commission (SEC). The fund 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 reporting period.
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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