EnPro Industries (NPO) PT Set at $100.00 by FBR & Co
EnPro Industries (NYSE:NPO) has been given a $100.00 target price by research analysts at FBR & Co in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the industrial products company’s stock. FBR & Co’s price objective indicates a potential upside of 28.60% from the stock’s previous close.
NPO has been the subject of several other reports. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. KeyCorp reaffirmed a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. EnPro Industries has a consensus rating of “Hold” and a consensus target price of $88.33.
Shares of EnPro Industries (NYSE:NPO) traded up 7.748% on Tuesday, reaching $83.785. The company’s stock had a trading volume of 334,745 shares. The stock has a 50-day moving average of $78.64 and a 200 day moving average of $72.71. EnPro Industries has a 1-year low of $52.00 and a 1-year high of $84.28. The stock has a market capitalization of $1.79 billion, a PE ratio of 98.109 and a beta of 1.14.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.16). EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $343.70 million during the quarter, compared to analyst estimates of $324.00 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities analysts forecast that EnPro Industries will post $3.35 EPS for the current year.
EnPro Industries announced that its board has initiated a stock buyback program on Monday, October 30th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.
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In other news, insider Todd L. Anderson sold 2,148 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total value of $156,095.16. Following the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at $654,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction dated 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 directly owns 245,765 shares in the company, valued at $18,206,271.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its stake in EnPro Industries by 5.0% during 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. Texas Permanent School Fund boosted its stake in shares of EnPro Industries by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock valued at $1,113,000 after purchasing an additional 90 shares in the last quarter. Amalgamated Bank boosted its stake in shares of EnPro Industries by 3.4% in the 2nd quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 98 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of EnPro Industries by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 170 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of EnPro Industries by 2.3% in the 2nd quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 94.48% 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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