Rice Hall James & Associates LLC lowered its position in Circor International Inc. (NYSE:CIR) by 32.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,001 shares of the company’s stock after selling 12,685 shares during the period. Rice Hall James & Associates LLC’s holdings in Circor International were worth $1,482,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of CIR. Nisa Investment Advisors L.L.C. increased its stake in Circor International by 14.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,600 shares of the company’s stock worth $770,000 after buying an additional 2,100 shares during the period. TIAA CREF Investment Management LLC increased its stake 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 worth $2,617,000 after buying an additional 506 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Circor International by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,411 shares of the company’s stock worth $308,000 after buying an additional 2,767 shares during the period.
Shares of Circor International Inc. (NYSE:CIR) traded down 9.32% during mid-day trading on Friday, reaching $48.14. 414,052 shares of the company’s stock traded hands. Circor International Inc. has a 1-year low of $32.79 and a 1-year high of $62.87. The company has a market capitalization of $790.60 million, a P/E ratio of 118.86 and a beta of 1.39. The firm has a 50-day moving average price of $58.07 and a 200-day moving average price of $55.70.
Circor International (NYSE:CIR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Circor International had a return on equity of 9.45% and a net margin of 1.09%. The firm earned $146.40 million during the quarter, compared to analyst estimates of $144.01 million. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Circor International Inc. will post $2.19 earnings per share for the current fiscal year.
A number of analysts recently issued reports on CIR shares. Zacks Investment Research raised shares of Circor International from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, June 28th. Stifel Nicolaus dropped their target price on shares of Circor International from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Finally, KeyCorp started coverage on shares of Circor International in a research report on Tuesday, September 20th. They set a “sector weight” rating for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Circor International presently has an average rating of “Hold” and an average price target of $49.50.
In other Circor International news, Director Douglas M. Hayes sold 3,000 shares of the firm’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 sale, the director now directly owns 14,556 shares in the company, valued at approximately $890,390.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.
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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