EnPro Industries (NYSE:NPO) declared that its board has authorized a share buyback program, which authorizes the company to buyback $50.00 million in outstanding shares on Monday, October 30th, EventVestor reports. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

A number of research firms have weighed in on NPO. Zacks Investment Research lowered EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. FBR & Co set a $100.00 price objective on EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday, October 31st. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. KeyCorp reissued a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.33.

EnPro Industries (NYSE NPO) opened at $84.42 on Friday. The company has a market cap of $1,800.34, a P/E ratio of 47.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 0.62.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The business had revenue of $343.70 million during the quarter, compared to analyst estimates of $324.00 million. During the same period last year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. research analysts predict that EnPro Industries will post 2.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s dividend payout ratio (DPR) is presently 3.82%.

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 value 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 filing with the SEC, which is accessible through the SEC website. 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 completion of 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. Corporate insiders own 2.60% of the company’s stock.

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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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