EnPro Industries (NPO) Upgraded by Zacks Investment Research to “Strong-Buy”
Zacks Investment Research upgraded shares of EnPro Industries (NYSE:NPO) from a hold rating to a strong-buy rating in a research note released on Friday. The brokerage currently has $80.00 price target on the industrial products company’s stock.
According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “
A number of other research analysts also recently issued reports on NPO. BidaskClub downgraded EnPro Industries from a hold rating to a sell rating in a research note on Saturday, August 26th. TheStreet upgraded EnPro Industries from a c+ rating to a b- rating in a research note on Thursday, August 3rd. Finally, FBR & Co restated an outperform rating on shares of EnPro Industries in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. EnPro Industries currently has an average rating of Buy and a consensus price target of $82.50.
Shares of EnPro Industries (NPO) opened at 70.64 on Friday. EnPro Industries has a 52 week low of $52.00 and a 52 week high of $77.65. The company has a market capitalization of $1.51 billion, a PE ratio of 82.72 and a beta of 1.10. The stock has a 50 day moving average price of $71.96 and a 200-day moving average price of $69.34.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.35. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $347 million for the quarter, compared to the consensus estimate of $347.13 million. During the same quarter last year, the company posted $0.17 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts expect that EnPro Industries will post $2.61 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.25%. EnPro Industries’s dividend payout ratio (DPR) is presently 103.53%.
In other news, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total transaction of $156,095.16. Following the transaction, the insider now owns 9,000 shares of the company’s stock, valued at approximately $654,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen E. Macadam sold 26,318 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $74.08, for a total value of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares in the company, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in EnPro Industries by 126,215.4% during the 1st quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock worth $185,076,000 after purchasing an additional 2,598,776 shares in the last quarter. Vanguard Group Inc. lifted its holdings in EnPro Industries by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,922,369 shares of the industrial products company’s stock worth $137,199,000 after purchasing an additional 19,621 shares in the last quarter. Silver Point Capital L.P. lifted its holdings in EnPro Industries by 3.4% during the 2nd quarter. Silver Point Capital L.P. now owns 1,850,600 shares of the industrial products company’s stock worth $132,077,000 after purchasing an additional 60,600 shares in the last quarter. Daruma Capital Management LLC lifted its holdings in EnPro Industries by 1.1% during the 2nd quarter. Daruma Capital Management LLC now owns 818,894 shares of the industrial products company’s stock worth $58,444,000 after purchasing an additional 9,234 shares in the last quarter. Finally, State Street Corp lifted its holdings in EnPro Industries by 3.8% during the 2nd quarter. State Street Corp now owns 529,442 shares of the industrial products company’s stock worth $37,786,000 after purchasing an additional 19,542 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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