CIRCOR International, Inc. Plans Dividend of $0.04 (cir)
CIRCOR International, Inc. (NYSE:cir) announced a dividend on Monday, May 15th. Stockholders of record on Thursday, May 25th will be paid a dividend of 0.038 per share by the industrial products company on Thursday, June 8th. The ex-dividend date of this dividend is Tuesday, May 23rd.
CIRCOR International has a payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CIRCOR International to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 5.3%.
Shares of CIRCOR International (NYSE:CIR) remained flat at $63.98 during midday trading on Tuesday. 5,011 shares of the stock traded hands. The stock has a 50-day moving average price of $61.15 and a 200-day moving average price of $61.60. CIRCOR International has a one year low of $48.11 and a one year high of $72.96. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 95.64 and a beta of 1.40.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, April 28th. The industrial products company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.03. CIRCOR International had a net margin of 3.23% and a return on equity of 8.67%. The firm had revenue of $145.20 million during the quarter, compared to analyst estimates of $146.29 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts expect that CIRCOR International will post $2.05 EPS for the current year.
CIR has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of CIRCOR International from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research raised shares of CIRCOR International from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, April 19th.
In other news, SVP Arjun Sharma sold 2,930 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $60.65, for a total transaction of $177,704.50. Following the completion of the transaction, the senior vice president now owns 12,939 shares of the company’s stock, valued at approximately $784,750.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.
An institutional investor recently raised its position in CIRCOR International stock. Teachers Advisors LLC increased its position in shares of CIRCOR International, Inc. (NYSE:CIR) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,910 shares of the industrial products company’s stock after buying an additional 1,167 shares during the period. Teachers Advisors LLC owned approximately 0.18% of CIRCOR International worth $1,718,000 at the end of the most recent quarter. Institutional investors and hedge funds own 99.32% of the company’s stock.
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CIRCOR International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems for markets, including oil and gas, aerospace, power and process, and industrial solutions. The Company operates through two segments: CIRCOR Energy (Energy segment (Energy)) and CIRCOR Advanced Flow Solutions (Advanced Flow Solutions segment (AFS)).
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