Circor International Inc. (NYSE:CIR) had its price target decreased by equities researchers at Stifel Nicolaus from $68.00 to $61.00 in a report released on Monday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 9.34% from the company’s current price.
Several other brokerages also recently commented on CIR. Zacks Investment Research downgraded shares of Circor International from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. SunTrust Banks Inc. downgraded shares of Circor International from a “neutral” rating to a “reduce” rating and set a $36.00 target price for the company. in a report on Thursday, April 14th. Finally, Sidoti downgraded shares of Circor International from a “buy” rating to a “neutral” rating in a report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.50.
Circor International (NYSE:CIR) traded down 5.41% during mid-day trading on Monday, reaching $55.79. 56,026 shares of the company’s stock were exchanged. Circor International has a 52-week low of $32.79 and a 52-week high of $62.87. The stock has a market cap of $916.24 million, a price-to-earnings ratio of 137.75 and a beta of 1.45. The company has a 50-day moving average of $59.22 and a 200-day moving average of $53.54.
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Circor International (NYSE:CIR) last released 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. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The firm had revenue of $146.40 million for the quarter, compared to the consensus estimate of $144.01 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was down 12.3% on a year-over-year basis. Equities research analysts anticipate that Circor International will post $2.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a dividend of $0.0375 per share. The ex-dividend date was Wednesday, August 10th. This represents a $0.15 dividend on an annualized basis and a yield of 0.27%. Circor International’s dividend payout ratio (DPR) is presently 37.50%.
In related news, Director Douglas M. Hayes sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $61.17, for a total transaction of $183,510.00. Following the completion of the sale, the director now owns 14,556 shares in the company, valued at $890,390.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the period. Nisa Investment Advisors L.L.C. raised its position in shares of Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock worth $770,000 after buying an additional 2,100 shares in the last quarter. Rhumbline Advisers raised its position in shares of Circor International by 2.0% in the fourth quarter. Rhumbline Advisers now owns 29,445 shares of the company’s stock worth $1,241,000 after buying an additional 565 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Circor International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 31,819 shares of the company’s stock worth $1,341,000 after buying an additional 500 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Circor International by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 56,405 shares of the company’s stock worth $2,617,000 after buying an additional 506 shares in the last quarter.
About Circor International
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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