EnPro Industries (NPO) Lowered to Sell at BidaskClub
EnPro Industries (NYSE:NPO) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
NPO has been the subject of several other reports. Zacks Investment Research upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. FBR & Co restated an “outperform” rating on shares of EnPro Industries in a research report on Tuesday, July 11th. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.50.
Shares of EnPro Industries (NYSE NPO) traded up 0.97% during mid-day trading on Friday, hitting $69.72. The stock had a trading volume of 48,328 shares. The stock’s 50-day moving average is $72.55 and its 200 day moving average is $69.20. The company has a market cap of $1.49 billion, a PE ratio of 81.64 and a beta of 1.10. EnPro Industries has a 12 month low of $52.00 and a 12 month high of $77.65.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.35. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The firm had revenue of $347 million for the quarter, compared to analysts’ expectations of $347.13 million. During the same quarter last year, the firm posted $0.17 earnings per share. EnPro Industries’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that EnPro Industries will post $2.61 earnings per share for the current fiscal year.
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In related news, insider Stephen E. Macadam sold 26,318 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 245,765 shares in the company, valued at $18,206,271.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd L. Anderson sold 2,148 shares of the company’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 value 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 disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted 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. Ameritas Investment Partners Inc. acquired a new position in EnPro Industries during the first quarter worth approximately $125,000. Riverhead Capital Management LLC boosted 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. State of Alaska Department of Revenue boosted its position in 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 in the last quarter. Finally, Amalgamated Bank acquired a new position in EnPro Industries during the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 95.55% 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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