Circor International Inc. (CIR) Sees Large Volume Increase
Shares of Circor International Inc. (NYSE:CIR) saw unusually-strong trading volume on Tuesday . Approximately 113,676 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 71,453 shares.The stock last traded at $56.76 and had previously closed at $56.28.
Several research analysts have issued reports on CIR shares. Zacks Investment Research cut Circor International from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. KeyCorp started coverage on Circor International in a report on Tuesday. They issued a “sector weight” rating on the stock. Finally, Stifel Nicolaus dropped their price target on Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Circor International currently has an average rating of “Hold” and an average target price of $49.50.
The firm has a 50-day moving average of $58.57 and a 200-day moving average of $54.50. The stock has a market cap of $931.51 million, a PE ratio of 140.05 and a beta of 1.45.
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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 Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $146.40 million for the quarter, compared to analysts’ expectations of $144.01 million. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, equities analysts anticipate that Circor International Inc. will post $2.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.15 annualized dividend and a dividend yield of 0.26%. Circor International’s dividend payout ratio (DPR) is currently 37.50%.
In other news, Director Douglas M. Hayes sold 3,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total transaction of $183,510.00. Following the sale, the director now directly owns 14,556 shares of the company’s stock, valued at $890,390.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CIR. Teachers Advisors Inc. boosted its stake in Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares during the period. PineBridge Investments L.P. boosted its stake in 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. Ameriprise Financial Inc. boosted its stake in Circor International by 35.5% in the second quarter. Ameriprise Financial Inc. now owns 103,139 shares of the company’s stock valued at $5,878,000 after buying an additional 27,019 shares during the period. EAM Investors LLC bought a new stake in Circor International during the second quarter valued at approximately $3,387,000. Finally, Gamco Investors INC. ET AL boosted its stake in Circor International by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,556,241 shares of the company’s stock valued at $88,690,000 after buying an additional 10,700 shares during the period.
Circor International Company Profile
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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