Analysts Set EnPro Industries, Inc. (NPO) PT at $97.50
EnPro Industries, Inc. (NYSE:NPO) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $97.50.
NPO has been the topic of a number of analyst reports. FBR & Co restated a “buy” rating and issued a $85.00 price objective on shares of EnPro Industries in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a research report on Friday, October 20th. BidaskClub cut shares of EnPro Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, B. Riley set a $100.00 price target on shares of EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st.
EnPro Industries (NPO) traded down $0.66 during mid-day trading on Friday, hitting $88.67. 132,600 shares of the company’s stock were exchanged, compared to its average volume of 114,906. EnPro Industries has a 12-month low of $61.36 and a 12-month high of $91.00. The stock has a market capitalization of $1,905.03, a PE ratio of 50.19, a price-to-earnings-growth ratio of 2.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 1.59.
EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The firm had revenue of $343.70 million during the quarter, compared to analysts’ expectations of $324.00 million. During the same quarter in the previous year, the firm posted $0.28 EPS. EnPro Industries’s revenue was up 17.4% compared to the same quarter last year. research analysts expect that EnPro Industries will post 2.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, December 5th. EnPro Industries’s dividend payout ratio is currently 3.82%.
EnPro Industries announced that its Board of Directors has authorized a share buyback program on Monday, October 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $84.06, for a total value of $2,101,500.00. Following the sale, the insider now owns 194,447 shares in the company, valued at $16,345,214.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in EnPro Industries by 5.0% during the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 71 shares during the period. Aperio Group LLC lifted its position in EnPro Industries by 2.3% during the second quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 189 shares during the period. Russell Investments Group Ltd. lifted its position in EnPro Industries by 45.5% during the second quarter. Russell Investments Group Ltd. now owns 22,697 shares of the industrial products company’s stock valued at $1,620,000 after purchasing an additional 7,095 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in EnPro Industries by 3.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 170 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in EnPro Industries by 2.4% during the second quarter. Great West Life Assurance Co. Can now owns 30,456 shares of the industrial products company’s stock valued at $2,172,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.
EnPro Industries Company Profile
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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