Seaport Global Securities cut shares of CIRCOR International, Inc. (NYSE:CIR) from a neutral rating to a sell rating in a research note published on Wednesday, MarketBeat reports. The brokerage currently has $60.00 target price on the industrial products company’s stock, down from their previous target price of $70.00.
CIR has been the subject of several other reports. ValuEngine raised CIRCOR International from a sell rating to a hold rating in a report on Friday, June 2nd. Zacks Investment Research raised CIRCOR International from a sell rating to a hold rating in a research note on Monday, February 27th. Finally, Stifel Nicolaus raised CIRCOR International from a hold rating to a buy rating and reduced their price objective for the stock from $74.00 to $68.00 in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. CIRCOR International has an average rating of Hold and an average target price of $65.33.
Shares of CIRCOR International (NYSE CIR) opened at 58.05 on Wednesday. The stock has a market cap of $957.48 million, a price-to-earnings ratio of 86.77 and a beta of 1.68. CIRCOR International has a one year low of $48.11 and a one year high of $72.96. The company has a 50 day moving average of $64.68 and a 200-day moving average of $62.90.
CIRCOR International (NYSE:CIR) last announced its earnings results on Friday, April 28th. The industrial products company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by $0.03. CIRCOR International had a net margin of 1.88% and a return on equity of 7.21%. The company had revenue of $145.20 million for the quarter, compared to analysts’ expectations of $146.29 million. During the same period in the prior year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts anticipate that CIRCOR International will post $2.08 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were paid a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Tuesday, May 23rd. CIRCOR International’s dividend payout ratio is currently 22.39%.
A number of large investors have recently made changes to their positions in the company. Karp Capital Management Corp acquired a new stake in shares of CIRCOR International during the first quarter valued at about $375,000. OppenheimerFunds Inc. increased 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 in the last quarter. Arizona State Retirement System increased 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 in the last quarter. Comerica Bank increased its stake in shares of CIRCOR International by 5.9% in the fourth quarter. Comerica Bank now owns 17,988 shares of the industrial products company’s stock valued at $1,124,000 after buying an additional 1,000 shares in the last quarter. Finally, Teachers Advisors LLC increased 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 in the last quarter. 99.32% of the stock is owned by hedge funds and other institutional investors.
CIRCOR International Company Profile
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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