Insider Selling: Circor International Inc. (CIR) Insider Sells $18,366.48 in Stock
Circor International Inc. (NYSE:CIR) insider Clyde Farnsworth Andrew sold 297 shares of Circor International stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $61.84, for a total transaction of $18,366.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Circor International Inc. (NYSE:CIR) traded up 0.23% during mid-day trading on Thursday, reaching $61.32. 26,303 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $55.19 and a 200 day moving average price of $57.15. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 52.95 and a beta of 1.36. Circor International Inc. has a 52 week low of $32.79 and a 52 week high of $62.87.
Circor International (NYSE:CIR) last announced its earnings results on Friday, October 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $134.80 million for the quarter, compared to the consensus estimate of $133.74 million. Circor International had a return on equity of 8.67% and a net margin of 3.23%. The company’s revenue was down 15.4% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. Equities research analysts predict that Circor International Inc. will post $1.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.15 annualized dividend and a yield of 0.25%. Circor International’s dividend payout ratio is presently 12.93%.
A number of large investors have recently bought and sold shares of CIR. TIAA CREF Investment Management LLC increased its stake in Circor International by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 56,405 shares of the company’s stock valued at $2,617,000 after buying an additional 506 shares in the last quarter. 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 valued at $308,000 after buying an additional 2,767 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Circor International by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 367,614 shares of the company’s stock valued at $20,953,000 after buying an additional 60,403 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Circor International during the second quarter valued at about $6,017,000. Finally, California Public Employees Retirement System increased its stake in Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock valued at $1,100,000 after buying an additional 400 shares in the last quarter.
Several research analysts have recently commented on the company. Stifel Nicolaus lifted their price target on Circor International from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, October 17th. Zacks Investment Research upgraded Circor International from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. KeyCorp upgraded Circor International from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Monday, October 17th. Finally, SunTrust Banks Inc. upgraded Circor International from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $46.00 to $55.00 in a report on Friday, October 14th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Circor International has a consensus rating of “Buy” and an average price target of $55.80.
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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