CIRCOR International (NYSE:CIR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “CIRCOR International, Inc. designs, manufactures and markets flow control solutions and other highly engineered products and sub-systems for markets including oil & gas, aerospace, power, process and industrial solutions. CIRCOR has a diversified product portfolio with recognized, market-leading brands that fulfill its customers’ unique application needs. The Company’s strategy is to grow organically and through complementary acquisitions; simplify CIRCOR’s operations; achieve world class operational excellence; and attract and retain top industry talent. “

CIR has been the topic of several other reports. KeyCorp dropped their price objective on shares of CIRCOR International from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 6th. ValuEngine raised shares of CIRCOR International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Citigroup set a $39.00 price objective on shares of CIRCOR International and gave the company a “hold” rating in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $48.80.

Shares of CIR opened at $33.14 on Monday. The stock has a market capitalization of $670.71 million, a PE ratio of 19.38 and a beta of 2.15. CIRCOR International has a fifty-two week low of $30.73 and a fifty-two week high of $54.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.39 and a current ratio of 2.30.

CIRCOR International (NYSE:CIR) last issued its quarterly earnings data on Monday, November 5th. The industrial products company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The company had revenue of $297.50 million during the quarter, compared to the consensus estimate of $296.49 million. CIRCOR International had a negative net margin of 2.22% and a positive return on equity of 6.78%. CIRCOR International’s revenue for the quarter was up 86.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Equities research analysts anticipate that CIRCOR International will post 2.1 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC increased its position in CIRCOR International by 4.5% during the second quarter. Gabelli Funds LLC now owns 1,014,552 shares of the industrial products company’s stock worth $37,498,000 after acquiring an additional 44,052 shares during the period. Arizona State Retirement System increased its position in CIRCOR International by 11.3% during the second quarter. Arizona State Retirement System now owns 28,870 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 2,938 shares during the period. United Services Automobile Association increased its position in CIRCOR International by 17.3% during the second quarter. United Services Automobile Association now owns 170,173 shares of the industrial products company’s stock worth $6,290,000 after acquiring an additional 25,130 shares during the period. Gamco Investors INC. ET AL increased its position in CIRCOR International by 20.5% during the second quarter. Gamco Investors INC. ET AL now owns 1,765,280 shares of the industrial products company’s stock worth $65,245,000 after acquiring an additional 300,570 shares during the period. Finally, Bank of New York Mellon Corp increased its position in CIRCOR International by 12.6% during the second quarter. Bank of New York Mellon Corp now owns 210,219 shares of the industrial products company’s stock worth $7,769,000 after acquiring an additional 23,529 shares during the period. 90.13% of the stock is currently owned by institutional investors and hedge funds.

CIRCOR International Company Profile

CIRCOR International, Inc designs, manufactures, and markets engineered products and sub-systems worldwide. It operates through three segments: Energy, Advanced Flow Solutions, and Fluid Handling. The Energy segment offers a range of flow control solutions and services, including valves, such as engineered trunion and floating ball valves; gate, globe, and check valves; and butterfly valves, as well as delayed coking unheading devices, and fluid catalytic converter and isolation valves.

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