EnPro Industries (NYSE:NPO) Posts Quarterly Earnings Results, Misses Estimates By $0.35 EPS

EnPro Industries (NYSE:NPO) announced its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.35, Bloomberg Earnings reports. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The company had revenue of $347 million for the quarter, compared to the consensus estimate of $347.13 million. During the same period last year, the firm posted $0.17 EPS. The company’s revenue was up 10.8% compared to the same quarter last year.

Shares of EnPro Industries (NYSE NPO) traded up 0.21% during mid-day trading on Friday, hitting $71.09. The stock had a trading volume of 42,622 shares. The stock’s 50-day moving average is $72.96 and its 200-day moving average is $68.96. The firm has a market capitalization of $1.52 billion, a PE ratio of 83.24 and a beta of 1.10. EnPro Industries has a 1-year low of $51.54 and a 1-year high of $77.65.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a $0.22 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.24%. EnPro Industries’s dividend payout ratio (DPR) is presently 103.53%.

In related news, insider Todd L. Anderson sold 2,148 shares of EnPro Industries stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total value of $156,095.16. Following the completion of the sale, the insider now owns 9,000 shares of the company’s stock, valued at $654,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen E. Macadam sold 26,318 shares of EnPro Industries stock in a transaction on Monday, August 7th. The stock was sold at an average price of $74.08, for a total value of $1,949,637.44. Following the completion of the sale, the insider now directly owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in shares of EnPro Industries during the second quarter valued at approximately $717,000. Amalgamated Bank increased its position in shares of EnPro Industries by 3.4% in the second quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock valued at $211,000 after buying an additional 98 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of EnPro Industries by 10.4% in the second quarter. Ameriprise Financial Inc. now owns 241,043 shares of the industrial products company’s stock valued at $17,203,000 after buying an additional 22,775 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after buying an additional 665 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of EnPro Industries by 0.9% in the second quarter. Alliancebernstein L.P. now owns 32,537 shares of the industrial products company’s stock valued at $2,322,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 94.79% of the company’s stock.

NPO has been the topic of several analyst reports. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. BidaskClub downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $78.50.

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.