EnPro Industries (NYSE:NPO) Rating Lowered to Strong Sell at Zacks Investment Research

EnPro Industries (NYSE:NPO) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, May 8th.

According to Zacks, “EnPro Industries, Inc. is a diversified manufacturer of proprietary engineered products used in critical applications. EnPro Industries are a leader in sealing technologies, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other solutions that meet the needs of industries worldwide. EnPro Industries commitment to innovation, quality and value has propelled our brands to wide recognition and leading positions in their markets. EnPro businesses manufacture high quality products and provide high quality services to the customers. These products and services are sold into more than 40 distinct industries with thousands of applications, ranging from jet engines to chemical plants, oil wells to semiconductor clean rooms and Navy ships to tractor-trailer trucks. EnPro operates manufacturing facilities in North and South America, Europe and Asia. “

Other research analysts have also issued research reports about the stock. B. Riley reiterated a “buy” rating on shares of EnPro Industries in a research note on Thursday, February 15th. Oppenheimer set a $100.00 price objective on shares of EnPro Industries and gave the stock a “buy” rating in a research note on Thursday, May 3rd. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, KeyCorp dropped their target price on shares of EnPro Industries from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $95.20.

EnPro Industries traded up $0.81, hitting $75.41, during trading hours on Tuesday, MarketBeat Ratings reports. The company had a trading volume of 733 shares, compared to its average volume of 165,428. EnPro Industries has a 1 year low of $72.50 and a 1 year high of $73.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.45 and a quick ratio of 2.52. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.08.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.11). The business had revenue of $368.80 million during the quarter, compared to the consensus estimate of $355.07 million. EnPro Industries had a net margin of 38.71% and a return on equity of 7.77%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. research analysts expect that EnPro Industries will post 3.49 earnings per share for the current year.

In other news, SVP Steven R. Bower purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $75.54 per share, with a total value of $75,540.00. Following the completion of the acquisition, the senior vice president now owns 1,118 shares of the company’s stock, valued at approximately $84,453.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank raised its position in EnPro Industries by 3.4% during the fourth quarter. Swiss National Bank now owns 36,400 shares of the industrial products company’s stock worth $3,404,000 after acquiring an additional 1,200 shares during the period. Renaissance Technologies LLC raised its position in EnPro Industries by 32.0% during the fourth quarter. Renaissance Technologies LLC now owns 201,400 shares of the industrial products company’s stock worth $18,833,000 after acquiring an additional 48,800 shares during the period. Assenagon Asset Management S.A. acquired a new position in EnPro Industries during the fourth quarter worth $5,347,000. Eagle Asset Management Inc. acquired a new position in EnPro Industries during the fourth quarter worth $17,956,000. Finally, Wells Fargo & Company MN raised its position in EnPro Industries by 52.9% during the third quarter. Wells Fargo & Company MN now owns 26,309 shares of the industrial products company’s stock worth $2,119,000 after acquiring an additional 9,102 shares during the period. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

About EnPro Industries

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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