CIRCOR International, Inc. (NYSE:CIR) saw unusually large options trading on Monday. Stock traders bought 2,764 put options on the company. This represents an increase of 27,540% compared to the average volume of 10 put options.
CIR has been the topic of a number of research reports. Zacks Investment Research cut CIRCOR International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 17th. TheStreet upgraded CIRCOR International from a “d+” rating to a “c-” rating in a research note on Monday, March 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.00.
In other news, VP Tanya Dawkins sold 1,046 shares of CIRCOR International stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $39.69, for a total transaction of $41,515.74. Following the sale, the vice president now directly owns 2,284 shares in the company, valued at approximately $90,651.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sumit Mehrotra sold 4,097 shares of CIRCOR International stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $39.26, for a total value of $160,848.22. Following the sale, the insider now owns 21,953 shares in the company, valued at $861,874.78. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CIR. Kennedy Capital Management Inc. increased its position in shares of CIRCOR International by 7.7% during the fourth quarter. Kennedy Capital Management Inc. now owns 270,170 shares of the industrial products company’s stock valued at $10,385,000 after buying an additional 19,291 shares during the period. Cim Investment Mangement Inc. bought a new stake in shares of CIRCOR International during the fourth quarter valued at about $266,000. Schroder Investment Management Group bought a new stake in shares of CIRCOR International during the fourth quarter valued at about $260,000. Rhumbline Advisers increased its position in shares of CIRCOR International by 10.6% during the fourth quarter. Rhumbline Advisers now owns 67,311 shares of the industrial products company’s stock valued at $2,587,000 after buying an additional 6,462 shares during the period. Finally, Arizona State Retirement System bought a new stake in shares of CIRCOR International during the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 98.05% of the company’s stock.
CIRCOR International stock traded up $0.10 during midday trading on Monday, reaching $34.43. The stock had a trading volume of 1,191 shares, compared to its average volume of 136,891. CIRCOR International has a 12 month low of $9.31 and a 12 month high of $43.20. The firm’s 50-day moving average price is $36.01 and its 200 day moving average price is $34.19. The firm has a market capitalization of $693.94 million, a PE ratio of -4.03 and a beta of 2.65. The company has a quick ratio of 1.54, a current ratio of 2.35 and a debt-to-equity ratio of 2.39.
CIRCOR International (NYSE:CIR) last announced its quarterly earnings data on Wednesday, March 3rd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.04). CIRCOR International had a negative net margin of 21.05% and a positive return on equity of 11.03%. The firm had revenue of $208.35 million during the quarter, compared to the consensus estimate of $209.15 million. Equities research analysts expect that CIRCOR International will post 1.49 EPS for the current year.
About CIRCOR International
CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial. The Aerospace & Defense segment manufactures and markets control valves, pumps, regulators, fluid controls, actuation systems, pneumatic valves and controls, electro-mechanical controls, motors, and other flow control products and systems.
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