EnPro Industries Inc. (NPO) Insider Stephen E. Macadam Sells 30,000 Shares
EnPro Industries Inc. (NYSE:NPO) insider Stephen E. Macadam sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $57.72, for a total transaction of $1,731,600.00. Following the completion of the sale, the insider now owns 243,839 shares of the company’s stock, valued at approximately $14,074,387.08. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of EnPro Industries Inc. (NYSE:NPO) opened at 60.21 on Tuesday. The firm’s market cap is $1.29 billion. The stock’s 50 day moving average is $55.74 and its 200 day moving average is $51.65. EnPro Industries Inc. has a 12 month low of $37.53 and a 12 month high of $63.82.
EnPro Industries (NYSE:NPO) last announced its earnings results on Wednesday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.05. The business earned $292.70 million during the quarter, compared to the consensus estimate of $303.80 million. EnPro Industries had a negative net margin of 2.50% and a positive return on equity of 7.81%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Analysts forecast that EnPro Industries Inc. will post ($1.23) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.84 annualized dividend and a yield of 1.40%. EnPro Industries’s dividend payout ratio is -60.00%.
A number of large investors have recently bought and sold shares of NPO. D. E. Shaw & Co. Inc. boosted its stake in EnPro Industries by 117.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 54,310 shares of the company’s stock valued at $3,086,000 after buying an additional 29,282 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in EnPro Industries during the third quarter valued at $838,000. Two Sigma Advisers LP boosted its stake in EnPro Industries by 269.6% in the third quarter. Two Sigma Advisers LP now owns 21,798 shares of the company’s stock valued at $1,239,000 after buying an additional 15,900 shares in the last quarter. KCG Holdings Inc. purchased a new stake in EnPro Industries during the third quarter valued at $260,000. Finally, Principal Financial Group Inc. boosted its stake in EnPro Industries by 1.8% in the third quarter. Principal Financial Group Inc. now owns 155,618 shares of the company’s stock valued at $8,842,000 after buying an additional 2,750 shares in the last quarter. 95.92% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut shares of EnPro Industries from a “hold” rating to a “sell” rating in a research report on Saturday, November 5th.
EnPro Industries Company Profile
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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