Renaissance Technologies LLC increased its position in shares of EnPro Industries (NYSE:NPO) by 31.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,300 shares of the industrial products company’s stock after buying an additional 34,200 shares during the period. Renaissance Technologies LLC owned 0.68% of EnPro Industries worth $10,268,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in shares of EnPro Industries by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 255,006 shares of the industrial products company’s stock worth $17,177,000 after buying an additional 17,107 shares in the last quarter. US Bancorp DE raised its stake in shares of EnPro Industries by 8.4% in the first quarter. US Bancorp DE now owns 14,845 shares of the industrial products company’s stock worth $1,057,000 after buying an additional 1,150 shares in the last quarter. Norges Bank bought a new stake in shares of EnPro Industries during the fourth quarter worth $9,859,000. State Street Corp raised its stake in shares of EnPro Industries by 8.4% in the fourth quarter. State Street Corp now owns 475,962 shares of the industrial products company’s stock worth $32,062,000 after buying an additional 36,840 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of EnPro Industries by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the industrial products company’s stock worth $619,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.47% of the company’s stock.
Shares of EnPro Industries (NYSE NPO) opened at 73.13 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 120.08 and a beta of 1.08. The firm has a 50-day moving average of $71.24 and a 200-day moving average of $68.27. EnPro Industries has a 12 month low of $45.35 and a 12 month high of $75.71.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Monday, May 1st. The industrial products company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.18. EnPro Industries had a return on equity of 9.43% and a net margin of 1.10%. The company had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $303.63 million. During the same period in the prior year, the firm earned ($2.15) EPS. EnPro Industries’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts anticipate that EnPro Industries will post $2.67 EPS for the current year.
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A number of analysts have weighed in on NPO shares. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 8th. BidaskClub lowered shares of EnPro Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, FBR & Co restated an “outperform” rating on shares of EnPro Industries in a research report on Tuesday, July 11th.
In other news, insider Susan E. Sweeney sold 686 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $72.87, for a total value of $49,988.82. Following the completion of the sale, the insider now owns 2,127 shares of the company’s stock, valued at approximately $154,994.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Steven R. Bower acquired 1,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $71.51 per share, with a total value of $71,510.00. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.
EnPro Industries Company 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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