EnPro Industries, Inc. (NYSE:NPO) – Equities research analysts at Oppenheimer increased their FY2018 earnings per share (EPS) estimates for shares of EnPro Industries in a research note issued to investors on Thursday. Oppenheimer analyst I. Zaffino now anticipates that the industrial products company will post earnings of $3.36 per share for the year, up from their prior estimate of $2.69. Oppenheimer has a “Outperform” rating and a $100.00 price objective on the stock.

EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The company had revenue of $343.70 million during the quarter, compared to analysts’ expectations of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS.

NPO has been the subject of several other reports. FBR & Co reiterated a “buy” rating and set a $85.00 target price on shares of EnPro Industries in a research note on Tuesday, September 12th. KeyCorp upgraded EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 target price for the company in a research note on Friday, December 8th. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 target price for the company in a research note on Friday, September 1st. BidaskClub cut EnPro Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, B. Riley set a $100.00 price target on EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. EnPro Industries currently has a consensus rating of “Hold” and an average target price of $95.00.

EnPro Industries (NYSE NPO) traded up $0.80 during trading on Monday, hitting $93.12. The stock had a trading volume of 143,788 shares, compared to its average volume of 116,525. The stock has a market cap of $1,928.27, a PE ratio of 50.80, a P/E/G ratio of 2.14 and a beta of 1.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.59 and a current ratio of 2.27. EnPro Industries has a 12 month low of $61.36 and a 12 month high of $93.24.

A number of hedge funds have recently made changes to their positions in NPO. Aperio Group LLC boosted its stake 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 buying an additional 189 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of EnPro Industries by 45.5% in the 2nd 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 boosted its position in shares of EnPro Industries by 3.5% in the 2nd 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. Great West Life Assurance Co. Can boosted its position in shares of EnPro Industries by 2.4% in the 2nd 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. Finally, Texas Permanent School Fund boosted its position in shares of EnPro Industries by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock valued at $1,113,000 after purchasing an additional 90 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

In other news, insider Stephen E. Macadam sold 25,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $84.06, for a total value of $2,101,500.00. Following the completion of the transaction, the insider now owns 194,447 shares of the company’s stock, valued at $16,345,214.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.

EnPro Industries declared that its board has authorized a share buyback plan on Monday, October 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, December 5th. EnPro Industries’s dividend payout ratio is presently 3.82%.

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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.

Earnings History and Estimates for EnPro Industries (NYSE:NPO)

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