Norges Bank acquired a new stake in CIRCOR International, Inc. (NYSE:CIR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 388,062 shares of the industrial products company’s stock, valued at approximately $25,177,000. Norges Bank owned approximately 2.37% of CIRCOR International at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in CIRCOR International during the fourth quarter valued at approximately $3,841,000. Silvercrest Asset Management Group LLC increased its position in shares of CIRCOR International by 3.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 655,967 shares of the industrial products company’s stock worth $42,559,000 after buying an additional 22,456 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of CIRCOR International during the third quarter worth about $619,000. UBS Asset Management Americas Inc. increased its position in shares of CIRCOR International by 33.0% in the third quarter. UBS Asset Management Americas Inc. now owns 31,362 shares of the industrial products company’s stock worth $1,868,000 after buying an additional 7,783 shares in the last quarter. Finally, Teton Advisors Inc. increased its position in shares of CIRCOR International by 2.1% in the fourth quarter. Teton Advisors Inc. now owns 181,600 shares of the industrial products company’s stock worth $11,782,000 after buying an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 99.32% of the company’s stock.
CIRCOR International, Inc. (NYSE:CIR) traded down 0.23% during mid-day trading on Thursday, reaching $64.15. The company’s stock had a trading volume of 61,213 shares. The stock has a market cap of $1.05 billion, a P/E ratio of 105.16 and a beta of 1.40. The firm’s 50 day moving average is $59.94 and its 200-day moving average is $61.19. CIRCOR International, Inc. has a one year low of $48.11 and a one year high of $72.96.
CIRCOR International (NYSE:CIR) last issued its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.03. The business had revenue of $145.20 million for the quarter, compared to analyst estimates of $146.29 million. CIRCOR International had a return on equity of 8.67% and a net margin of 3.23%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Equities analysts expect that CIRCOR International, Inc. will post $2.05 earnings per share for the current fiscal year.
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CIR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded CIRCOR International from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, January 10th. Stifel Nicolaus cut CIRCOR International from a “buy” rating to a “hold” rating and lifted their price objective for the company from $69.00 to $74.00 in a research report on Friday, February 17th.
In related news, SVP Arjun Sharma sold 2,930 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $60.65, for a total transaction of $177,704.50. Following the completion of the sale, the senior vice president now owns 12,939 shares in the company, valued at approximately $784,750.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.
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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