Silver Point Capital L.P. decreased its position in EnPro Industries, Inc. (NYSE:NPO) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,838,000 shares of the industrial products company’s stock after selling 57,600 shares during the period. EnPro Industries accounts for about 17.7% of Silver Point Capital L.P.’s investment portfolio, making the stock its 2nd biggest position. Silver Point Capital L.P. owned approximately 8.62% of EnPro Industries worth $171,871,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Asset Management Inc. bought a new position in EnPro Industries in the fourth quarter worth approximately $17,956,000. Teachers Advisors LLC raised its stake in EnPro Industries by 271.2% in the fourth quarter. Teachers Advisors LLC now owns 169,093 shares of the industrial products company’s stock worth $15,812,000 after buying an additional 123,536 shares in the last quarter. Allianz Asset Management GmbH bought a new position in EnPro Industries in the third quarter worth approximately $7,927,000. Bank of New York Mellon Corp raised its stake in EnPro Industries by 32.7% in the fourth quarter. Bank of New York Mellon Corp now owns 399,152 shares of the industrial products company’s stock worth $37,325,000 after buying an additional 98,315 shares in the last quarter. Finally, Granite Investment Partners LLC bought a new position in EnPro Industries in the fourth quarter worth approximately $8,934,000. Hedge funds and other institutional investors own 92.80% of the company’s stock.
A number of brokerages have recently issued reports on NPO. KeyCorp raised EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price target on the stock in a research report on Friday, December 8th. Zacks Investment Research raised EnPro Industries from a “sell” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Saturday, February 17th. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Oppenheimer upped their price target on EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Finally, B. Riley set a $100.00 price target on EnPro Industries and gave the stock a “buy” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. EnPro Industries presently has an average rating of “Buy” and an average target price of $96.00.
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, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $362.50 million for the quarter, compared to analyst estimates of $348.10 million. EnPro Industries had a net margin of 40.39% and a return on equity of 8.02%. analysts predict that EnPro Industries, Inc. will post 3.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, March 6th. 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 dividend yield of 1.25%. EnPro Industries’s payout ratio is 3.96%.
In related news, SVP Steven R. Bower acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $75.54 per share, with a total value of $75,540.00. Following the completion of the acquisition, the senior vice president now directly owns 1,118 shares of the company’s stock, valued at $84,453.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by insiders.
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EnPro Industries 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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