Press coverage about EnPro Industries (NYSE:NPO) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. EnPro Industries earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.9670383039958 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
NPO has been the topic of a number of analyst reports. Zacks Investment Research lowered EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. FBR & Co set a $100.00 target price on EnPro Industries and gave the company a “buy” rating in a report on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating on shares of EnPro Industries in a report on Wednesday, November 1st. Finally, Oppenheimer raised their target price on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. EnPro Industries currently has an average rating of “Buy” and an average target price of $99.17.
Shares of EnPro Industries (NYSE:NPO) opened at $91.98 on Thursday. The stock has a market capitalization of $1,982.44, a P/E ratio of 3.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65. EnPro Industries has a fifty-two week low of $61.36 and a fifty-two week high of $94.79.
EnPro Industries announced that its board has initiated a share buyback plan on Monday, October 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Tuesday, December 5th. EnPro Industries’s dividend payout ratio (DPR) is currently 3.82%.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $84.06, for a total value of $2,101,500.00. Following the sale, the insider now owns 194,447 shares of the company’s stock, valued at approximately $16,345,214.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% 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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