Arjun Sharma Sells 762 Shares of Circor International Inc. (CIR) Stock
Circor International Inc. (NYSE:CIR) VP Arjun Sharma sold 762 shares of Circor International stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $62.00, for a total value of $47,244.00. Following the completion of the transaction, the vice president now owns 10,985 shares in the company, valued at approximately $681,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Circor International Inc. (NYSE:CIR) opened at 62.80 on Thursday. The company has a 50 day moving average price of $55.56 and a 200-day moving average price of $57.33. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 54.23 and a beta of 1.36. Circor International Inc. has a 1-year low of $32.79 and a 1-year high of $63.13.
Circor International (NYSE:CIR) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Circor International had a return on equity of 8.67% and a net margin of 3.23%. The business had revenue of $134.80 million for the quarter, compared to analysts’ expectations of $133.74 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. On average, analysts forecast that Circor International Inc. will post $1.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be issued a $0.0375 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.15 annualized dividend and a dividend yield of 0.24%. Circor International’s payout ratio is currently 12.93%.
Several hedge funds have recently added to or reduced their stakes in CIR. 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 last quarter. Silvercrest Asset Management Group LLC boosted its stake in Circor International by 1.0% in the second quarter. Silvercrest Asset Management Group LLC now owns 598,573 shares of the company’s stock valued at $34,112,000 after buying an additional 6,105 shares during the last quarter. Bank of New York Mellon Corp boosted 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 during the last quarter. Macquarie Group Ltd. boosted its stake in Circor International by 3.1% in the second quarter. Macquarie Group Ltd. now owns 335,997 shares of the company’s stock valued at $19,148,000 after buying an additional 10,246 shares during the last quarter. Finally, Netols Asset Management Inc. boosted its stake in Circor International by 59.1% in the second quarter. Netols Asset Management Inc. now owns 115,032 shares of the company’s stock valued at $6,556,000 after buying an additional 42,709 shares during the last quarter. 99.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. Stifel Nicolaus decreased their target price on Circor International from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Zacks Investment Research upgraded Circor International from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. KeyCorp began coverage on Circor International in a report on Tuesday, September 20th. They set a “sector weight” rating on the stock. Finally, SunTrust Banks Inc. upgraded Circor International from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $46.00 to $55.00 in a report on Friday, October 14th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Circor International has an average rating of “Buy” and an average target price 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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