EnPro Industries (NYSE:NPO) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday.
According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “
Other equities analysts have also recently issued reports about the company. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. FBR & Co reissued an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th.
Shares of EnPro Industries (NYSE NPO) opened at 74.33 on Thursday. EnPro Industries has a one year low of $46.50 and a one year high of $77.65. The firm has a 50-day moving average price of $72.36 and a 200 day moving average price of $68.64. The stock has a market capitalization of $1.58 billion, a PE ratio of 87.04 and a beta of 1.10.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.35. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $347 million during the quarter, compared to analyst estimates of $347.13 million. During the same period last year, the firm earned $0.17 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. On average, equities analysts expect that EnPro Industries will post $2.61 EPS for the current fiscal year.
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In other EnPro Industries news, VP Steven R. Bower bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average cost of $71.51 per share, for a total transaction of $71,510.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in NPO. Norges Bank acquired a new position in EnPro Industries during the fourth quarter valued at approximately $9,859,000. Teachers Advisors LLC raised its position in EnPro Industries by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 255,006 shares of the industrial products company’s stock valued at $17,177,000 after buying an additional 17,107 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in EnPro Industries during the fourth quarter valued at approximately $1,074,000. Macquarie Group Ltd. raised its position in EnPro Industries by 0.5% in the fourth quarter. Macquarie Group Ltd. now owns 458,045 shares of the industrial products company’s stock valued at $30,854,000 after buying an additional 2,055 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its position in EnPro Industries by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 426,095 shares of the industrial products company’s stock valued at $28,063,000 after buying an additional 29,226 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.
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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