EnPro Industries Inc. (NPO) Upgraded to “Strong-Buy” by Zacks Investment Research
EnPro Industries Inc. (NYSE:NPO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage currently has a $65.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 15.74% from the company’s previous close.
According to Zacks, “EnPro Industries, Inc. is a leader in sealing products, metal polymer bearings, compressor systems and other engineered products for use in critical applications by industries worldwide. “
EnPro Industries (NYSE:NPO) opened at 56.16 on Wednesday. EnPro Industries has a 1-year low of $37.53 and a 1-year high of $63.82. The firm’s market cap is $1.21 billion. The company has a 50-day moving average price of $54.85 and a 200-day moving average price of $51.98.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.06. The company earned $313.20 million during the quarter, compared to analysts’ expectations of $311.87 million. EnPro Industries had a negative net margin of 2.04% and a positive return on equity of 7.48%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts forecast that EnPro Industries will post ($0.92) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Tuesday, August 30th. EnPro Industries’s dividend payout ratio is presently -71.79%.
Several large investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of EnPro Industries by 58.2% in the second quarter. American Century Companies Inc. now owns 452,044 shares of the company’s stock valued at $20,066,000 after buying an additional 166,383 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of EnPro Industries by 11.0% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 1,371,120 shares of the company’s stock valued at $60,864,000 after buying an additional 136,300 shares in the last quarter. Advisory Research Inc. raised its stake in shares of EnPro Industries by 110.3% in the second quarter. Advisory Research Inc. now owns 210,460 shares of the company’s stock valued at $9,342,000 after buying an additional 110,380 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of EnPro Industries during the second quarter valued at about $1,400,000. Finally, Comerica Bank raised its stake in shares of EnPro Industries by 51.6% in the second quarter. Comerica Bank now owns 86,386 shares of the company’s stock valued at $4,356,000 after buying an additional 29,401 shares in the last quarter. 94.31% of the stock is owned by hedge funds and other institutional investors.
About EnPro Industries
EnPro Industries, Inc (EnPro) is engaged in the designing, developing, manufacturing, and marketing engineered industrial products. The Company operates through three segments: Sealing Products, Engineered Products and Power Systems. Its Sealing Products segment designs, manufactures and sells sealing products, including metallic, non-metallic and composite material gaskets, resilient metal seals, elastomeric seals, hydraulic components, expansion joints and casing end seals.
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