Crestline Management LP Has $2.39 Million Position in EnPro Industries, Inc. (NPO)

Crestline Management LP decreased its position in EnPro Industries, Inc. (NYSE:NPO) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,735 shares of the industrial products company’s stock after selling 19,438 shares during the quarter. Crestline Management LP owned 0.19% of EnPro Industries worth $2,388,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in EnPro Industries during the fourth quarter worth approximately $56,000. Acadian Asset Management LLC acquired a new stake in EnPro Industries during the fourth quarter worth approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in EnPro Industries by 25.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,440 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 296 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in EnPro Industries by 28.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,856 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 411 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in EnPro Industries by 61.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 800 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

NPO stock opened at $65.19 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.74 and a current ratio of 2.55. EnPro Industries, Inc. has a twelve month low of $55.48 and a twelve month high of $80.66. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.00 and a beta of 1.57.

EnPro Industries (NYSE:NPO) last announced its earnings results on Wednesday, February 13th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The business had revenue of $381.40 million for the quarter, compared to analyst estimates of $373.70 million. EnPro Industries had a net margin of 1.61% and a return on equity of 9.44%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. As a group, analysts predict that EnPro Industries, Inc. will post 4.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 5th. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. EnPro Industries’s dividend payout ratio (DPR) is 25.58%.

A number of research firms have weighed in on NPO. Zacks Investment Research raised shares of EnPro Industries from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, January 29th. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Oppenheimer set a $90.00 price objective on shares of EnPro Industries and gave the stock a “buy” rating in a report on Friday, January 11th. Finally, TheStreet cut shares of EnPro Industries from a “b” rating to a “c+” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $81.80.

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EnPro Industries Company Profile

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.

Further Reading: Quiet Period

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Institutional Ownership by Quarter for EnPro Industries (NYSE:NPO)

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