Bank of America Corp DE boosted its stake in shares of EnPro Industries (NYSE:NPO) by 30.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,929 shares of the industrial products company’s stock after buying an additional 25,769 shares during the period. Bank of America Corp DE owned approximately 0.52% of EnPro Industries worth $7,894,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of EnPro Industries by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 318,203 shares of the industrial products company’s stock valued at $22,644,000 after buying an additional 14,550 shares during the period. 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 valued at $1,057,000 after buying an additional 1,150 shares during the period. American Century Companies Inc. raised its stake in shares of EnPro Industries by 0.8% in the first quarter. American Century Companies Inc. now owns 388,358 shares of the industrial products company’s stock valued at $27,636,000 after buying an additional 3,243 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of EnPro Industries by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 29,736 shares of the industrial products company’s stock valued at $2,115,000 after buying an additional 2,092 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of EnPro Industries by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 2,360 shares of the industrial products company’s stock valued at $167,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 94.79% of the company’s stock.
EnPro Industries (NYSE NPO) opened at 71.12 on Friday. The firm has a 50-day moving average price of $73.00 and a 200 day moving average price of $69.01. EnPro Industries has a 12 month low of $52.00 and a 12 month high of $77.65. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 83.28 and a beta of 1.10.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by $0.35. The firm had revenue of $347 million during the quarter, compared to the consensus estimate of $347.13 million. EnPro Industries had a net margin of 1.56% and a return on equity of 8.71%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. On average, equities analysts forecast that EnPro Industries will post $2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, September 1st. EnPro Industries’s dividend payout ratio is currently 103.53%.
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Several analysts have recently weighed in on the company. Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, FBR & Co reissued an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $78.50.
In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total transaction of $156,095.16. Following the transaction, the insider now owns 9,000 shares of the company’s stock, valued at $654,030. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stephen E. Macadam sold 26,318 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 245,765 shares in the company, 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 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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