ROYCE & ASSOCIATES LP
revealed that they own a 10% stake in CIRCOR International, Inc. (NYSE:CIR) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission on Thursday, December 7th. The investor owns 1,649,880 shares of the stock valued at approximately $76,702,921. The disclosure is available through Edgar at this hyperlink.
A number of other large investors have also recently added to or reduced their stakes in the stock. Aperio Group LLC lifted its position in CIRCOR International by 9.2% in the second quarter. Aperio Group LLC now owns 6,891 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 579 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in CIRCOR International by 2.5% in the second quarter. Thrivent Financial For Lutherans now owns 101,256 shares of the industrial products company’s stock valued at $6,012,000 after purchasing an additional 2,480 shares during the last quarter. Teachers Advisors LLC lifted its position in 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 purchasing an additional 1,167 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in CIRCOR International by 0.8% in the second quarter. Gamco Investors INC. ET AL now owns 1,498,058 shares of the industrial products company’s stock valued at $88,955,000 after purchasing an additional 11,444 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in CIRCOR International in the second quarter valued at approximately $212,000.
Shares of CIRCOR International, Inc. (CIR) traded down $0.13 during trading hours on Thursday, hitting $46.49. The stock had a trading volume of 71,641 shares, compared to its average volume of 96,443. The company has a market capitalization of $778.49, a P/E ratio of 29.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.85 and a current ratio of 3.20. CIRCOR International, Inc. has a 1 year low of $42.25 and a 1 year high of $72.96.
CIRCOR International (NYSE:CIR) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. CIRCOR International had a return on equity of 6.30% and a net margin of 2.50%. The company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $154.65 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. CIRCOR International’s revenue was up 18.5% on a year-over-year basis. sell-side analysts expect that CIRCOR International, Inc. will post 1.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, November 27th. CIRCOR International’s dividend payout ratio is currently 16.13%.
CIR has been the subject of a number of recent analyst reports. Zacks Investment Research cut CIRCOR International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reduced their price target on CIRCOR International from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Finally, KeyCorp reissued a “hold” rating on shares of CIRCOR International in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $61.00.
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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