EnPro Industries (NPO) Downgraded to “Sell” at Zacks Investment Research

EnPro Industries (NYSE:NPO) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “

A number of other equities research analysts also recently commented on NPO. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a research report on Friday, October 20th. FBR & Co set a $100.00 target price on EnPro Industries and gave the stock a “buy” rating in a research report on Tuesday, October 31st. B. Riley reiterated a “buy” rating on shares of EnPro Industries in a research report on Wednesday, November 1st. Finally, Oppenheimer boosted their target price on EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $99.17.

EnPro Industries (NYSE:NPO) opened at $83.28 on Wednesday. The firm has a market capitalization of $1,780.00, a PE ratio of 3.61, a PEG ratio of 1.48 and a beta of 1.03. 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 one year low of $61.36 and a one year high of $94.79.

EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. research analysts forecast that EnPro Industries will post 2.72 EPS for the current year.

EnPro Industries announced that its board has approved a share repurchase program on Monday, October 30th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Several large investors have recently bought and sold shares of NPO. SG Americas Securities LLC purchased a new stake in shares of EnPro Industries in the third quarter worth about $200,000. Cubist Systematic Strategies LLC raised its position in EnPro Industries by 64.2% during the third quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 973 shares during the period. Meeder Asset Management Inc. purchased a new stake in EnPro Industries during the fourth quarter valued at approximately $210,000. LS Investment Advisors LLC raised its position in EnPro Industries by 225.3% during the fourth quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 1,654 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in EnPro Industries during the third quarter valued at approximately $306,000. Institutional investors own 93.12% of the company’s stock.

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About EnPro Industries

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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