EnPro Industries Inc. (NPO) to Issue Quarterly Dividend of $0.21 on December 15th
EnPro Industries Inc. (NYSE:NPO) declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Thursday, December 1st will be given a dividend of 0.21 per share on Thursday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, November 29th.
EnPro Industries (NYSE:NPO) opened at 60.89 on Thursday. The stock has a 50 day moving average of $56.56 and a 200-day moving average of $51.84. The company’s market capitalization is $1.30 billion. EnPro Industries has a 52-week low of $37.53 and a 52-week high of $63.82.
EnPro Industries (NYSE:NPO) last posted 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 analyst estimates of $303.80 million. EnPro Industries had a negative net margin of 2.50% and a positive return on equity of 7.81%. During the same quarter last year, the firm earned $0.51 earnings per share. EnPro Industries’s revenue was down 4.5% compared to the same quarter last year. On average, equities analysts forecast that EnPro Industries will post ($1.23) earnings per share for the current year.
In other news, insider Stephen E. Macadam sold 30,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $57.72, for a total value of $1,731,600.00. Following the completion of the sale, the insider now directly owns 243,839 shares in the company, valued at $14,074,387.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of NPO. BlackRock Inc. raised its position in shares of EnPro Industries by 12.5% in the third quarter. BlackRock Inc. now owns 2,100 shares of the company’s stock worth $120,000 after buying an additional 233 shares during the period. Sei Investments Co. raised its position in shares of EnPro Industries by 95.2% in the second quarter. Sei Investments Co. now owns 3,840 shares of the company’s stock worth $170,000 after buying an additional 1,873 shares during the period. KCG Holdings Inc. bought a new position in shares of EnPro Industries during the third quarter worth about $260,000. Cubist Systematic Strategies LLC bought a new position in shares of EnPro Industries during the second quarter worth about $277,000. Finally, Trexquant Investment LP raised its position in shares of EnPro Industries by 128.8% in the second quarter. Trexquant Investment LP now owns 8,639 shares of the company’s stock worth $383,000 after buying an additional 4,864 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, October 5th.
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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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