FBR & Co set a $100.00 price objective on EnPro Industries (NYSE:NPO) in a report published on Tuesday morning. The firm currently has a buy rating on the industrial products company’s stock. FBR & Co also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.60 EPS and FY2018 earnings at $3.19 EPS.

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of EnPro Industries from a c+ rating to a b- rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of EnPro Industries from a hold rating to a buy rating in a report on Saturday, July 8th. KeyCorp restated a hold rating on shares of EnPro Industries in a report on Friday, October 20th. Finally, Zacks Investment Research cut shares of EnPro Industries from a buy rating to a hold rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $88.33.

EnPro Industries (NYSE:NPO) traded up $1.13 during trading on Tuesday, reaching $84.42. The company’s stock had a trading volume of 84,069 shares, compared to its average volume of 119,660. The firm has a market cap of $1.78 billion, a PE ratio of 46.81 and a beta of 1.17.

EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The business had revenue of $343.70 million for the quarter, compared to analyst estimates of $324.00 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. analysts expect that EnPro Industries will post 2.49 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, December 5th. EnPro Industries’s dividend payout ratio is currently 3.82%.

EnPro Industries declared that its Board of Directors has initiated a share buyback plan on Monday, October 30th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, insider Todd L. Anderson sold 2,148 shares of the business’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 transaction of $156,095.16. Following the completion of the transaction, the insider now owns 9,000 shares in the company, valued at $654,030. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen E. Macadam sold 26,318 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the transaction, the insider now owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake in EnPro Industries by 5.0% in 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 buying an additional 71 shares in the last quarter. Texas Permanent School Fund lifted its stake in EnPro Industries by 0.6% in the second quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock valued at $1,113,000 after buying an additional 90 shares in the last quarter. Amalgamated Bank lifted its stake in EnPro Industries by 3.4% in the second quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock valued at $211,000 after buying an additional 98 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in EnPro Industries by 3.5% in 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 buying an additional 170 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in EnPro Industries by 2.3% in 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. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

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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