EnPro Industries (NYSE:NPO) Lowered to Hold at BidaskClub
EnPro Industries (NYSE:NPO) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.
Other research analysts have also issued reports about the stock. FBR & Co restated an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. Wunderlich assumed coverage on shares of EnPro Industries in a research note on Wednesday, March 22nd. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 26th.
Shares of EnPro Industries (NYSE:NPO) traded up 0.97% during midday trading on Wednesday, reaching $73.15. The company’s stock had a trading volume of 85,924 shares. EnPro Industries has a 52 week low of $45.35 and a 52 week high of $75.71. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 120.11 and a beta of 1.08. The company has a 50 day moving average of $70.90 and a 200-day moving average of $68.20.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Monday, May 1st. The industrial products company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $295.80 million during the quarter, compared to analyst estimates of $303.63 million. EnPro Industries had a net margin of 1.10% and a return on equity of 9.43%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.15) earnings per share. Equities research analysts predict that EnPro Industries will post $1.64 earnings per share for the current year.
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In other news, insider Susan E. Sweeney sold 686 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $72.87, for a total transaction of $49,988.82. Following the transaction, the insider now directly owns 2,127 shares in the company, valued at $154,994.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen E. Macadam sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $72.21, for a total transaction of $1,083,150.00. Following the transaction, the insider now owns 234,447 shares in the company, valued at $16,929,417.87. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of 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 during the period. Ameritas Investment Partners Inc. purchased a new position in shares of EnPro Industries during the first quarter worth about $125,000. State of Alaska Department of Revenue raised its position in shares of 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 purchased a new position in shares of EnPro Industries during the first quarter worth about $203,000. Finally, TFS Capital LLC purchased a new position in shares of EnPro Industries during the first quarter worth about $274,000. Institutional investors and hedge funds own 94.47% of the company’s stock.
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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