Zacks Investment Research upgraded shares of EnPro Industries Inc. (NYSE:NPO) from a hold rating to a strong-buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $65.00 target price on the stock.
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 56.26 on Wednesday. The stock’s market cap is $1.21 billion. The company’s 50 day moving average price is $55.29 and its 200-day moving average price is $51.94. EnPro Industries has a 12-month low of $37.53 and a 12-month high of $63.82.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.06. EnPro Industries had a positive return on equity of 7.48% and a negative net margin of 2.04%. The business had revenue of $313.20 million for the quarter, compared to analysts’ expectations of $311.87 million. During the same period last year, the company posted $0.69 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts forecast that EnPro Industries will post ($0.92) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.49%. EnPro Industries’s dividend payout ratio (DPR) is -71.79%.
A number of hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in shares of EnPro Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,063 shares of the company’s stock worth $136,000 after buying an additional 377 shares during the period. Sei Investments Co. raised its position in shares of EnPro Industries by 95.2% in the second quarter. Sei Investments Co. now owns 3,840 shares of the company’s stock worth $170,000 after buying an additional 1,873 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of EnPro Industries during the second quarter worth approximately $189,000. Americafirst Capital Management LLC purchased a new position in shares of EnPro Industries during the second quarter worth approximately $194,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of EnPro Industries during the second quarter worth approximately $209,000. 94.31% of the stock is 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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