Circor International Inc. (NYSE:CIR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “CIRCOR International, Inc. designs, manufactures and distributes valves and related products and services for use in a wide range of applications to optimize the efficiency or ensure the safety of fluid-control systems. The valves and related fluid-control products we manufacture are used in processing industries; oil and gas production, pipeline construction and maintenance; aerospace, military and commercial aircraft; pharmaceutical, medical and analytical equipment; and maritime manufacturing and maintenance. “
CIR has been the topic of several other reports. Stifel Nicolaus boosted their target price on Circor International from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Monday. SunTrust Banks Inc. upgraded Circor International from a “reduce” rating to a “hold” rating and boosted their target price for the company from $46.00 to $55.00 in a research note on Friday. Finally, KeyCorp upgraded Circor International from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Circor International has a consensus rating of “Buy” and an average target price of $55.20.
Circor International (NYSE:CIR) traded up 2.22% during trading on Tuesday, reaching $54.76. The company’s stock had a trading volume of 207,707 shares. The company has a market cap of $899.32 million, a PE ratio of 135.21 and a beta of 1.39. The stock has a 50-day moving average price of $56.25 and a 200 day moving average price of $55.96. Circor International has a 52-week low of $32.79 and a 52-week high of $62.87.
Circor International (NYSE:CIR) last issued its earnings results on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $146.40 million for the quarter, compared to analyst estimates of $144.01 million. Circor International had a return on equity of 9.45% and a net margin of 1.09%. The business’s revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. On average, analysts expect that Circor International will post $2.19 EPS for the current year.
In related news, Director Douglas M. Hayes sold 3,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $61.17, for a total transaction of $183,510.00. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at $890,390.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. PineBridge Investments L.P. boosted its position in Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares during the last quarter. Arizona State Retirement System boosted its position in Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock valued at $487,000 after buying an additional 200 shares during the last quarter. California Public Employees Retirement System boosted its position 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 during the last quarter. TIAA CREF Investment Management LLC boosted its position 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 during the last quarter. Finally, Teachers Advisors Inc. boosted its position in Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares during the last quarter.
Circor International Company Profile
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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