Shares of CIRCOR International, Inc. (NYSE:CIR) have earned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $60.00.
CIR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of CIRCOR International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus dropped their target price on shares of CIRCOR International from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, October 30th. Finally, KeyCorp reiterated a “hold” rating on shares of CIRCOR International in a research report on Sunday, October 29th.
Several hedge funds have recently made changes to their positions in CIR. Teachers Advisors LLC grew its holdings in shares of CIRCOR International by 3.0% in the 2nd quarter. Teachers Advisors LLC now owns 29,787 shares of the industrial products company’s stock valued at $1,769,000 after buying an additional 877 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of CIRCOR International by 1.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 44,522 shares of the industrial products company’s stock valued at $2,644,000 after buying an additional 783 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of CIRCOR International by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 86,598 shares of the industrial products company’s stock valued at $5,142,000 after buying an additional 648 shares during the period. Thrivent Financial For Lutherans grew its holdings in shares of CIRCOR International by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock valued at $6,012,000 after buying an additional 2,480 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of CIRCOR International by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 13,600 shares of the industrial products company’s stock valued at $808,000 after buying an additional 300 shares during the period.
CIRCOR International (NYSE:CIR) last issued its earnings results on Friday, October 27th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $159.70 million during the quarter, compared to analysts’ expectations of $154.65 million. CIRCOR International had a net margin of 2.50% and a return on equity of 6.30%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. equities research analysts forecast that CIRCOR International will post 1.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Monday, November 27th. CIRCOR International’s dividend payout ratio (DPR) is 16.13%.
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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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