CIRCOR International, Inc. (CIR) Shares Bought by Aperio Group LLC
Aperio Group LLC boosted its stake in CIRCOR International, Inc. (NYSE:CIR) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,891 shares of the industrial products company’s stock after buying an additional 579 shares during the period. Aperio Group LLC’s holdings in CIRCOR International were worth $409,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Karp Capital Management Corp purchased a new stake in shares of CIRCOR International during the first quarter valued at approximately $375,000. OppenheimerFunds Inc. raised its stake in shares of CIRCOR International by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 7,797 shares of the industrial products company’s stock valued at $463,000 after buying an additional 1,912 shares during the last quarter. Arizona State Retirement System raised its stake in shares of CIRCOR International by 1.2% in the first quarter. Arizona State Retirement System now owns 8,538 shares of the industrial products company’s stock valued at $507,000 after buying an additional 100 shares during the last quarter. Comerica Bank raised its stake in shares of CIRCOR International by 1.8% in the first quarter. Comerica Bank now owns 18,305 shares of the industrial products company’s stock valued at $1,190,000 after buying an additional 317 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of CIRCOR International by 4.2% in the first quarter. Teachers Advisors LLC now owns 28,910 shares of the industrial products company’s stock valued at $1,718,000 after buying an additional 1,167 shares during the last quarter.
CIRCOR International, Inc. (NYSE:CIR) traded down 0.98% during trading on Tuesday, reaching $47.33. The company had a trading volume of 4,941 shares. CIRCOR International, Inc. has a 52 week low of $47.02 and a 52 week high of $72.96. The stock has a 50 day moving average price of $52.66 and a 200 day moving average price of $59.52. The firm has a market capitalization of $780.90 million, a P/E ratio of 48.59 and a beta of 1.66.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.07. CIRCOR International had a return on equity of 6.55% and a net margin of 2.74%. The firm had revenue of $151.20 million for the quarter, compared to analyst estimates of $158.09 million. During the same quarter last year, the firm earned $0.53 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Analysts predict that CIRCOR International, Inc. will post $1.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.0375 per share. The ex-dividend date is Monday, August 14th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.31%. CIRCOR International’s dividend payout ratio (DPR) is 15.31%.
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Several analysts recently commented on CIR shares. SunTrust Banks, Inc. raised CIRCOR International from a “hold” rating to a “buy” rating and cut their price objective for the stock from $65.00 to $60.00 in a report on Tuesday, August 1st. Sidoti raised CIRCOR International from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, June 22nd. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 target price on shares of CIRCOR International in a research report on Friday, July 14th. Zacks Investment Research upgraded CIRCOR International from a “strong sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, ValuEngine upgraded CIRCOR International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $65.83.
About CIRCOR International
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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