EnPro Industries (NPO) Stock Rating Upgraded by Zacks Investment Research
EnPro Industries (NYSE:NPO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “
NPO has been the subject of several other research reports. Oppenheimer cut their price objective on shares of EnPro Industries from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a research report on Monday, August 6th. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. SunTrust Banks reaffirmed a “buy” rating and set a $88.00 price objective on shares of EnPro Industries in a research report on Thursday, August 16th. Finally, B. Riley cut their price objective on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. EnPro Industries presently has an average rating of “Buy” and an average price target of $90.67.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.37). EnPro Industries had a net margin of 36.50% and a return on equity of 7.33%. The business had revenue of $393.60 million during the quarter, compared to analyst estimates of $370.48 million. During the same quarter last year, the company posted $1.01 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. On average, analysts predict that EnPro Industries will post 3.53 EPS for the current year.
In related news, SVP Jon D. Rickers sold 500 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total transaction of $37,815.00. Following the completion of the sale, the senior vice president now owns 6,215 shares of the company’s stock, valued at $470,040.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of EnPro Industries by 5.0% in the second quarter. BlackRock Inc. now owns 2,902,994 shares of the industrial products company’s stock worth $203,064,000 after acquiring an additional 138,335 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of EnPro Industries by 30.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,069,483 shares of the industrial products company’s stock worth $74,811,000 after acquiring an additional 248,556 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of EnPro Industries by 91.3% in the second quarter. Gamco Investors INC. ET AL now owns 882,202 shares of the industrial products company’s stock worth $61,710,000 after acquiring an additional 421,102 shares during the last quarter. FMR LLC lifted its holdings in shares of EnPro Industries by 243.8% in the second quarter. FMR LLC now owns 618,705 shares of the industrial products company’s stock worth $43,278,000 after acquiring an additional 438,735 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of EnPro Industries by 2.2% in the second quarter. Macquarie Group Ltd. now owns 607,030 shares of the industrial products company’s stock worth $42,462,000 after acquiring an additional 13,095 shares during the last quarter. 92.70% of the stock is owned by hedge funds and other institutional investors.
EnPro Industries Company Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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