EnPro Industries (NYSE:NPO) had its price objective raised by equities researchers at Oppenheimer from $85.00 to $100.00 in a research report issued on Thursday. The firm presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target points to a potential upside of 12.64% from the company’s current price.
NPO has been the topic of several other reports. FBR & Co reissued a “buy” rating and set a $85.00 price objective on shares of EnPro Industries in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a research report on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of EnPro Industries in a research report on Friday, October 20th. BidaskClub downgraded shares of EnPro Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, B. Riley set a $100.00 price objective on shares of EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $95.00.
Shares of EnPro Industries (NYSE NPO) opened at $88.78 on Thursday. The firm has a market cap of $1,879.65, a PE ratio of 49.52, a PEG ratio of 2.27 and a beta of 1.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 1.59. EnPro Industries has a 1 year low of $61.36 and a 1 year high of $91.00.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The firm had revenue of $343.70 million for the quarter, compared to analysts’ expectations of $324.00 million. During the same period last year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. research analysts anticipate that EnPro Industries will post 2.51 earnings per share for the current fiscal year.
EnPro Industries declared that its board has initiated a stock buyback plan on Monday, October 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the transaction, the insider now owns 194,447 shares in the company, valued at approximately $16,345,214.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in EnPro Industries by 9.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 17,029 shares of the industrial products company’s stock valued at $1,216,000 after acquiring an additional 1,529 shares during the period. American Century Companies Inc. lifted its stake in EnPro Industries by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 463,864 shares of the industrial products company’s stock valued at $33,106,000 after acquiring an additional 75,506 shares during the period. Northern Trust Corp lifted its stake in EnPro Industries by 1.2% during the 2nd quarter. Northern Trust Corp now owns 282,334 shares of the industrial products company’s stock valued at $20,149,000 after acquiring an additional 3,476 shares during the period. Castleark Management LLC bought a new position in EnPro Industries during the 2nd quarter valued at about $6,456,000. Finally, Sei Investments Co. lifted its stake in EnPro Industries by 22.4% during the 2nd quarter. Sei Investments Co. now owns 22,205 shares of the industrial products company’s stock valued at $1,584,000 after acquiring an additional 4,066 shares during the period. Institutional investors and hedge funds own 92.70% of the company’s stock.
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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.