CIR Stock Recent News

Circor has agreed to be acquired by KKR for $1.6 billion in cash and assumed debt. The offer price is a significant premium over Circor's pre-deal price.

Does Circor (CIR) have what it takes to be a top stock pick for momentum investors? Let's find out.

CNBC's Leslie Picker joins 'The Exchange' to discuss the benefits of employee stock ownership, different private equity models, and KKR's move to acquire Circor for $1.6 billion.

M&A (mergers and acquisitions) activity has slowed across the table, as central investment banks like Citigroup NYSE: C and Goldman Sachs NYSE: GS have also seen their fees decline due to a lack of deal activity. In addition, as interest rates took on their high cycle when the United States FED saw it fit to hike to combat the rampant inflation levels in the nation, acquisition and buyout financing became harder to come by.

Shares of Circor International Inc. CIR, +8.46% rocketed 49.2% toward a four-year high in premarket trading Monday, after the flow control products company announced a deal to be acquired by KKR & Co. Inc. KKR, +2.29% in a cash deal valued at $1.6 billion, including debt. KKR's stock was still inactive ahead of the open.

Buyout firm to pay $49 a share for maker of pumps and valves for industrial, aerospace and defense industries.

CIRCOR International's Q1 FY23 financial performance showed solid growth, with net revenues rising 9.3% compared to Q1 FY22 and gross profit margin improving to 36.4%. The company's stock price is undervalued compared to industry standards, and technical analysis indicates a potential trend reversal, making it an attractive investment opportunity. Risks include uncertainty in U.S.-China trade relations and potential tariff increases, which could impact CIRCOR's industrial segment.

Circor (CIR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Circor (CIR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

CIRCOR International, Inc. (NYSE:CIR ) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Scott Solomon – Senior Vice President-Investor Relations Tony Najjar – President and Chief Executive Officer A.J. Sharma – Chief Financial Officer and Senior Vice President, Business Development Conference Call Participants Adam Farley – Stifel Andy Kaplowitz – Citi Brett Kearney – Gabelli Operator Greetings, and welcome to the CIRCOR International First Quarter 2023 Earnings Conference Call.