EnPro Industries, Inc. (NPO) Receives Average Rating of “Hold” from Brokerages
Shares of EnPro Industries, Inc. (NYSE:NPO) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $84.25.
Several research firms recently weighed in on NPO. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Wednesday, May 1st. TheStreet downgraded shares of EnPro Industries from a “b” rating to a “c+” rating in a research report on Thursday, February 14th. ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, Oppenheimer reduced their price target on shares of EnPro Industries from $90.00 to $85.00 in a research report on Thursday, February 14th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of EnPro Industries during the 4th quarter worth about $56,000. Meeder Asset Management Inc. grew its stake in EnPro Industries by 261.3% during the 1st quarter. Meeder Asset Management Inc. now owns 990 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 716 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in EnPro Industries during the 4th quarter valued at about $75,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in EnPro Industries by 25.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,440 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 296 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in EnPro Industries by 28.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,856 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.26). The firm had revenue of $360.30 million during the quarter, compared to analyst estimates of $373.60 million. EnPro Industries had a return on equity of 9.13% and a net margin of 1.65%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Equities research analysts forecast that EnPro Industries will post 4.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. EnPro Industries’s dividend payout ratio (DPR) is presently 25.58%.
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 packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.
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