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.

COPYRIGHT VIOLATION WARNING: “Arjun Sharma Sells 762 Shares of Circor International Inc. (CIR) Stock” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international trademark and copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/24/arjun-sharma-sells-762-shares-of-circor-international-inc-cir-stock.html.

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).

5 Day Chart for NYSE:CIR

Receive News & Stock Ratings for Circor International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Circor International Inc. and related stocks with our FREE daily email newsletter.