EnPro Industries Inc. (NYSE:NPO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “
EnPro Industries (NYSE:NPO) opened at 57.20 on Thursday. The firm’s market cap is $1.23 billion. The stock’s 50 day moving average is $54.98 and its 200-day moving average is $52.02. EnPro Industries has a 1-year low of $37.53 and a 1-year high of $63.82.
EnPro Industries (NYSE:NPO) last released its earnings results on Tuesday, August 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.06. The firm had revenue of $313.20 million for the quarter, compared to analyst estimates of $311.87 million. EnPro Industries had a positive return on equity of 7.48% and a negative net margin of 2.04%. EnPro Industries’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. Analysts forecast that EnPro Industries will post ($0.92) EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, August 30th. EnPro Industries’s payout ratio is currently -71.79%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its position in EnPro Industries by 3.2% in the second quarter. Capstone Asset Management Co. now owns 7,166 shares of the company’s stock worth $318,000 after buying an additional 220 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in EnPro Industries by 115.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,855 shares of the company’s stock worth $304,000 after buying an additional 3,678 shares during the last quarter. First Republic Investment Management Inc. raised its position in EnPro Industries by 13.5% in the first quarter. First Republic Investment Management Inc. now owns 19,262 shares of the company’s stock worth $1,111,000 after buying an additional 2,287 shares during the last quarter. Kennedy Capital Management Inc. purchased a new position in EnPro Industries during the first quarter worth about $865,000. Finally, HBK Investments L P purchased a new position in EnPro Industries during the first quarter worth about $346,000. 94.31% of the stock is currently owned by hedge funds and other institutional investors.
EnPro Industries Company Profile
EnPro Industries, Inc (EnPro) is engaged in the designing, developing, manufacturing, and marketing engineered industrial products. The Company operates through three segments: Sealing Products, Engineered Products and Power Systems. Its Sealing Products segment designs, manufactures and sells sealing products, including metallic, non-metallic and composite material gaskets, resilient metal seals, elastomeric seals, hydraulic components, expansion joints and casing end seals.
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