Silver Point Capital L.P. reduced its stake in EnPro Industries, Inc. (NYSE:NPO) by 53.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 777,600 shares of the industrial products company’s stock after selling 899,200 shares during the period. EnPro Industries comprises approximately 5.5% of Silver Point Capital L.P.’s investment portfolio, making the stock its 5th largest position. Silver Point Capital L.P. owned 3.71% of EnPro Industries worth $54,393,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of NPO. Wells Fargo & Company MN boosted its stake in shares of EnPro Industries by 102.1% in the 1st quarter. Wells Fargo & Company MN now owns 223,996 shares of the industrial products company’s stock valued at $17,333,000 after purchasing an additional 113,172 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of EnPro Industries by 2.2% in the 1st quarter. Rhumbline Advisers now owns 52,142 shares of the industrial products company’s stock valued at $4,035,000 after purchasing an additional 1,115 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of EnPro Industries in the 1st quarter valued at approximately $121,000. American Century Companies Inc. boosted its stake in shares of EnPro Industries by 68.3% in the 1st quarter. American Century Companies Inc. now owns 517,781 shares of the industrial products company’s stock valued at $40,066,000 after purchasing an additional 210,067 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of EnPro Industries in the 1st quarter valued at approximately $1,501,000. Institutional investors own 92.71% of the company’s stock.
NYSE NPO traded down $0.43 during trading hours on Tuesday, reaching $73.14. The company’s stock had a trading volume of 107 shares, compared to its average volume of 105,014. The firm has a market cap of $1.53 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07. EnPro Industries, Inc. has a 52 week low of $63.73 and a 52 week high of $94.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.64 and a quick ratio of 1.78.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.37). The business had revenue of $393.60 million during the quarter, compared to the consensus estimate of $370.48 million. EnPro Industries had a net margin of 36.50% and a return on equity of 7.33%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 EPS. research analysts anticipate that EnPro Industries, Inc. will post 3.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. EnPro Industries’s dividend payout ratio (DPR) is presently 41.74%.
In other EnPro Industries news, SVP Jon D. Rickers sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total transaction of $37,815.00. Following the completion of the transaction, the senior vice president now owns 6,215 shares in the company, valued at approximately $470,040.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.
A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. B. Riley dropped their price objective on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating for the company in a report on Monday, August 6th. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Monday, August 6th. SunTrust Banks assumed coverage on shares of EnPro Industries in a report on Wednesday, July 11th. They issued a “buy” rating and a $92.00 price objective for the company. Finally, Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $90.67.
About EnPro Industries
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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