EnPro Industries (NYSE:NPO) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. cut its position in shares of EnPro Industries (NYSE:NPO) by 59.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,500 shares of the industrial products company’s stock after selling 22,663 shares during the period. Goldman Sachs Group Inc.’s holdings in EnPro Industries were worth $1,103,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in NPO. Ameritas Investment Partners Inc. acquired a new stake in EnPro Industries during the first quarter worth about $125,000. State of Alaska Department of Revenue raised its stake in EnPro Industries by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 2,360 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares during the period. Amalgamated Bank acquired a new stake in EnPro Industries during the first quarter worth about $203,000. TFS Capital LLC acquired a new stake in EnPro Industries during the first quarter worth about $274,000. Finally, Mason Street Advisors LLC raised its stake in EnPro Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,007 shares of the industrial products company’s stock worth $356,000 after buying an additional 339 shares during the period. 94.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EnPro Industries (NYSE NPO) traded up 0.25% during mid-day trading on Friday, hitting $71.12. The company’s stock had a trading volume of 80,335 shares. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 83.28 and a beta of 1.10. EnPro Industries has a 1-year low of $52.00 and a 1-year high of $77.65. The company has a 50-day moving average of $73.00 and a 200 day moving average of $69.01.
EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.81 by $0.35. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The firm had revenue of $347 million during the quarter, compared to analyst estimates of $347.13 million. During the same period in the previous year, the company posted $0.17 EPS. EnPro Industries’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts expect that EnPro Industries will post $2.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, September 1st. EnPro Industries’s payout ratio is 103.53%.
A number of research firms have issued reports on NPO. Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co reaffirmed an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th. Finally, BidaskClub lowered EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $78.50.
In other news, insider Stephen E. Macadam sold 26,318 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $74.08, for a total value of $1,949,637.44. Following the transaction, the insider now owns 245,765 shares of the company’s stock, valued at $18,206,271.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the completion of the transaction, the insider now directly owns 9,000 shares in the company, valued at approximately $654,030. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
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.
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