EnPro Industries, Inc. (NYSE:NPO) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for EnPro Industries in a research note issued on Tuesday. KeyCorp analyst J. Hammond expects that the industrial products company will earn $1.02 per share for the quarter. KeyCorp has a “Overweight” rating and a $105.00 price objective on the stock. KeyCorp also issued estimates for EnPro Industries’ Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.07 EPS and Q4 2018 earnings at $0.88 EPS.
Other equities analysts have also issued reports about the stock. B. Riley restated a “buy” rating on shares of EnPro Industries in a report on Wednesday, November 1st. FBR & Co set a $100.00 price objective on shares of EnPro Industries and gave the stock a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, January 2nd. Finally, Oppenheimer boosted their price objective on shares of EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.17.
EnPro Industries (NYSE:NPO) last announced 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 net margin of 40.39% and a return on equity of 9.40%. The company had revenue of $362.50 million during the quarter, compared to analyst estimates of $348.10 million.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.24 per share. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. EnPro Industries’s payout ratio is currently 3.63%.
EnPro Industries announced that its Board of Directors has authorized a share repurchase plan on Monday, October 30th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in EnPro Industries during the 3rd quarter valued at $200,000. Cubist Systematic Strategies LLC raised its stake in EnPro Industries by 64.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock valued at $200,000 after buying an additional 973 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in EnPro Industries during the 4th quarter valued at $210,000. LS Investment Advisors LLC raised its stake in EnPro Industries by 225.3% during the 4th quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after buying an additional 1,654 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in EnPro Industries during the 3rd quarter valued at $306,000. Institutional investors and hedge funds 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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