Renaissance Technologies LLC boosted its position in shares of EnPro Industries (NYSE:NPO) by 31.1% during the first quarter, according to its most recent Form 13F filing with the 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 about 0.68% of EnPro Industries worth $10,268,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its stake in 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. Louisiana State Employees Retirement System boosted its stake in 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 valued at $619,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its stake in EnPro Industries by 1.8% in the first quarter. Arizona State Retirement System now owns 11,197 shares of the industrial products company’s stock valued at $797,000 after buying an additional 200 shares during the period. Legal & General Group Plc boosted its stake in EnPro Industries by 0.5% in the first quarter. Legal & General Group Plc now owns 38,125 shares of the industrial products company’s stock valued at $2,710,000 after buying an additional 208 shares during the period. Finally, BW Gestao de Investimentos Ltda. boosted its stake in EnPro Industries by 4.1% in the first quarter. BW Gestao de Investimentos Ltda. now owns 8,570 shares of the industrial products company’s stock valued at $610,000 after buying an additional 335 shares during the period. Institutional investors own 95.55% of the company’s stock.
Shares of EnPro Industries (NYSE:NPO) traded down 1.37% on Tuesday, reaching $71.03. The company had a trading volume of 41,829 shares. The stock has a 50 day moving average price of $73.04 and a 200-day moving average price of $69.06. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 83.17 and a beta of 1.10. EnPro Industries has a 12 month low of $51.54 and a 12 month high of $77.65.
EnPro Industries (NYSE:NPO) last announced its earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.35. The business had revenue of $347 million for 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 firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Analysts forecast that EnPro Industries will post $2.61 EPS for the current fiscal year.
The company also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, September 1st. EnPro Industries’s dividend payout ratio is presently 103.53%.
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Several equities research analysts have recently commented on NPO shares. Zacks Investment Research upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. BidaskClub upgraded EnPro Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. FBR & Co restated an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. Finally, TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $78.50.
In other news, insider Todd L. Anderson sold 2,148 shares of the business’s 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 sale, the insider now owns 9,000 shares of the company’s stock, valued at approximately $654,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen E. Macadam sold 26,318 shares of the business’s 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 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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