FBR & Co Weighs in on EnPro Industries’ Q4 2017 Earnings (NPO)
EnPro Industries (NYSE:NPO) – Equities research analysts at FBR & Co issued their Q4 2017 EPS estimates for EnPro Industries in a research report issued to clients and investors on Tuesday. FBR & Co analyst L. Burke expects that the industrial products company will earn $0.60 per share for the quarter. FBR & Co currently has a “Buy” rating and a $100.00 target price on the stock. FBR & Co also issued estimates for EnPro Industries’ FY2018 earnings at $3.19 EPS.
A number of other research firms have also recently commented on NPO. Zacks Investment Research cut EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Friday. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a research report on Friday, October 20th. TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded EnPro Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $88.33.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 earnings per share 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 firm had revenue of $343.70 million during the quarter, compared to analysts’ expectations of $324.00 million. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up 17.4% compared to the same quarter last year.
EnPro Industries announced that its board has initiated a stock repurchase program on Monday, October 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared 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 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s payout ratio is 3.82%.
In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total value of $156,095.16. Following the completion of the sale, the insider now owns 9,000 shares in the company, valued at $654,030. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephen E. Macadam sold 26,318 shares of the company’s stock in a transaction dated 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 completion of the sale, 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. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of NPO. Public Employees Retirement System of Ohio increased its position 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 worth $106,000 after buying an additional 71 shares in the last quarter. Riverhead Capital Management LLC increased its position in EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock worth $133,000 after buying an additional 665 shares in the last quarter. Amalgamated Bank purchased a new stake in EnPro Industries in the first quarter worth about $203,000. BB&T Securities LLC purchased a new stake in EnPro Industries in the second quarter worth about $222,000. Finally, State of Alaska Department of Revenue increased its position in EnPro Industries by 78.1% in the second quarter. State of Alaska Department of Revenue now owns 4,203 shares of the industrial products company’s stock worth $299,000 after buying an additional 1,843 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.
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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