CIRCOR International, Inc. (CIR) Sets New 12-Month High at $62.87
Shares of CIRCOR International, Inc. (NYSE:CIR) hit a new 52-week high during trading 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.
Several equities analysts recently weighed in on CIR shares. Zacks Investment Research raised shares of CIRCOR International from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, June 28th. Stifel Nicolaus cut their target price 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. Finally, Sidoti cut shares of CIRCOR International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 3rd. One 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 stock. The company has an average rating of “Hold” and an average price target of $49.50.
The company has a 50-day moving average price of $59.06 and a 200 day moving average price of $51.57. The firm has a market capitalization of $1.03 billion and a price-to-earnings ratio of 154.96.
CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The firm earned $146.40 million during the quarter, compared to analyst estimates of $144.01 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. Equities analysts anticipate that CIRCOR International, Inc. will post $2.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Wednesday, August 10th.
In other CIRCOR International news, Director Douglas M. Hayes sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in CIRCOR International stock. Rhumbline Advisers increased its position in CIRCOR International, Inc. (NYSE:CIR) by 2.0% during the fourth quarter, according to its most recent disclosure 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 approximately 0.18% of CIRCOR International worth $1,241,000 as of its most recent SEC filing.
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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