EnPro Industries (NPO) Downgraded by Zacks Investment Research to Hold
EnPro Industries (NYSE:NPO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
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. “
A number of other research analysts have also commented on NPO. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co restated a “buy” rating and issued a $85.00 target price on shares of EnPro Industries in a report on Tuesday, September 12th. Finally, BidaskClub upgraded EnPro Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $83.33.
Shares of EnPro Industries (NYSE:NPO) opened at 81.51 on Wednesday. EnPro Industries has a 12-month low of $52.00 and a 12-month high of $81.60. The company’s 50-day moving average is $73.13 and its 200-day moving average is $70.86. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 95.44 and a beta of 1.15.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.35). EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $347.00 million during the quarter, compared to analyst estimates of $347.13 million. During the same period in the prior year, the firm earned $0.17 EPS. EnPro Industries’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts forecast that EnPro Industries will post $2.61 earnings per share for the current fiscal year.
In other EnPro Industries news, insider Stephen E. Macadam sold 26,318 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the completion of the transaction, the insider now owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Todd L. Anderson sold 2,148 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total transaction of $156,095.16. Following the sale, the insider now owns 9,000 shares of the company’s stock, valued at $654,030. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Several large investors have recently modified their holdings of NPO. BlackRock Inc. grew its position in shares of EnPro Industries by 126,215.4% in the first quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock valued at $185,076,000 after purchasing an additional 2,598,776 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of EnPro Industries in the first quarter worth about $13,901,000. Sound Point Capital Management LP lifted its position in shares of EnPro Industries by 68.4% during the 1st quarter. Sound Point Capital Management LP now owns 331,524 shares of the industrial products company’s stock worth $23,591,000 after purchasing an additional 134,681 shares during the last quarter. Castleark Management LLC acquired a new position in shares of EnPro Industries during the 2nd quarter worth about $6,456,000. Finally, Gamco Investors INC. ET AL lifted its position in shares of EnPro Industries by 42.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 298,820 shares of the industrial products company’s stock worth $21,327,000 after purchasing an additional 88,620 shares during the last quarter. 94.47% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EnPro Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnPro Industries and related companies with MarketBeat.com's FREE daily email newsletter.