EnPro Industries (NYSE:NPO) posted its 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, Bloomberg Earnings reports. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The business had revenue of $347 million during the quarter, compared to analyst estimates of $347.13 million. During the same quarter in the prior year, the company earned $0.17 EPS. The company’s revenue was up 10.8% on a year-over-year basis.
EnPro Industries (NYSE:NPO) opened at 69.31 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of 81.16 and a beta of 1.10. EnPro Industries has a 52-week low of $51.54 and a 52-week high of $77.65. The stock’s 50 day moving average is $72.96 and its 200-day moving average is $69.12.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, September 1st. EnPro Industries’s dividend payout ratio is currently 103.53%.
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A number of research firms recently weighed in on NPO. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. Finally, BidaskClub upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $78.50.
In other news, insider Todd L. Anderson sold 2,148 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $72.67, for a total transaction of $156,095.16. Following the completion of the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at $654,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen E. Macadam sold 26,318 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the transaction, the insider now directly owns 245,765 shares of the company’s stock, valued at $18,206,271.20. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of EnPro Industries during the fourth quarter worth approximately $1,069,000. Norges Bank acquired a new stake in shares of EnPro Industries during the fourth quarter worth approximately $9,859,000. Teachers Advisors LLC boosted 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. Highbridge Capital Management LLC acquired a new stake in shares of EnPro Industries during the fourth quarter worth approximately $1,074,000. Finally, Macquarie Group Ltd. boosted its stake in shares of EnPro Industries by 0.5% in the fourth quarter. Macquarie Group Ltd. now owns 458,045 shares of the industrial products company’s stock worth $30,854,000 after buying an additional 2,055 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.
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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